Financial MarketsRachel ReevesUpdated a day ago

Rachel Reeves Unveils Controversial £26 Billion Tax-Raising Budget Amid Economic Challenges

Chancellor Rachel Reeves has announced a £26 billion tax increase in the UK Budget for 2025, aimed at addressing the cost of living crisis. This budget, which raises the tax take to a record 38% of GDP, has sparked criticism for its impact on ordinary citizens and the sustainability of fiscal policies. Amidst chaotic leaks and political maneuvering, the Labour government faces a pivotal moment as it attempts to stabilize the economy while balancing the needs of its constituents.

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Financial MarketsRachel Reeves

Updated a day ago

Rachel Reeves Unveils Controversial £26 Billion Tax-Raising Budget Amid Economic Challenges

BBC Newsa day ago

Who are the winners and losers from Rachel Reeves' Budget?

NeutralFinancial Markets

Chancellor Rachel Reeves has presented the UK Budget for 2025, which includes a £26 billion tax increase and increased welfare spending aimed at addressing the ongoing cost of living crisis. This budget is a significant move for the Labour government as it seeks to balance fiscal responsibility with the needs of citizens facing economic challenges.

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via BBC News

MoneyWeeka day ago

Autumn Budget quiz: How closely were you following Rachel Reeves’s tax-raising speech?

NegativeFinancial Markets

Chancellor Rachel Reeves announced a series of tax increases in the Autumn Budget, which will affect nearly all taxpayers in the UK. The budget includes a £26 billion tax hike, raising the UK's tax take to an unprecedented 38% of GDP by the end of the parliamentary term, aimed at stabilizing the economy amidst ongoing financial challenges.

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via MoneyWeek

Investing.coma day ago

UK’s Reeves fights criticism that she raised taxes to fund welfare

NegativeFinancial Markets

UK Chancellor Rachel Reeves is facing criticism for raising taxes to fund welfare programs, a move that has sparked debate about the sustainability of her fiscal policies. The recent budget announcement included a £26 billion tax increase, raising the UK's tax take to a record high of 38% of GDP by the end of the parliament.

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via Investing.com

MoneyWeeka day ago

What does the Budget mean for the UK stock market?

NeutralFinancial Markets

Chancellor Rachel Reeves presented her second Budget, which included measures such as stamp duty holidays and cuts to tax relief, aimed at addressing the ongoing economic challenges in the UK. The budget reflects a response to the cost of living crisis while attempting to stabilize the stock market.

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via MoneyWeek

The Guardiana day ago

This was Rachel Reeves’s ‘live now, pay later’ budget. The big question is: what happens when ‘later’ arrives? | Larry Elliott

NegativeFinancial Markets

Chancellor Rachel Reeves has announced a budget aimed at addressing the UK's cost of living crisis, which includes a £26 billion tax increase. The buildup to this budget was marred by leaks and political maneuvering, leading to a chaotic atmosphere that overshadowed the announcement. Despite modest giveaways, the budget is seen as a critical moment for the Labour government as it seeks to stabilize its position amid economic challenges.

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via The Guardian

The Guardian2 days ago

Mansions, milkshakes and the minimum wage: Labour’s 2025 budget

NeutralFinancial Markets

Chancellor Rachel Reeves has unveiled the Labour government's 2025 budget, which includes measures such as a mansion tax and the removal of the two-child welfare cap, amidst a chaotic buildup marked by leaks and political maneuvering. The budget aims to address the UK's ongoing cost of living crisis and is seen as a pivotal moment for the government.

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via The Guardian

The New York Times2 days ago

U.K. Budget Plan Calms Markets and Labour Faithful. Will It Appeal to Voters?

PositiveFinancial Markets

Chancellor Rachel Reeves presented a budget plan aimed at calming markets and addressing the cost of living crisis in the U.K., proposing spending increases alongside higher taxes for the wealthy and middle class. This budget, unveiled in London, is seen as a critical moment for the Labour government as it seeks to stabilize the economy amidst ongoing challenges.

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via The New York Times

France 242 days ago

More taxes, higher spending: A closer look at Britain's new budget

NeutralFinancial Markets

UK Finance Minister Rachel Reeves has unveiled a new budget that raises taxes for ordinary workers while increasing government spending on social welfare programs. The plan aims to elevate the government's tax take to a post-war high of 38% of GDP by 2031, as reported by the Office for Budget Responsibility (OBR).

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via France 24

The Guardian2 days ago

Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget

NegativeFinancial Markets

Chancellor Rachel Reeves has unveiled a £26 billion tax-raising budget aimed at the wealthiest households in the UK, which includes the scrapping of the two-child benefit cap and cuts to energy bills funded by a mansion tax. This budget was announced amid a chaotic day marked by early leaks from the Office for Budget Responsibility (OBR).

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via The Guardian

Financial Times2 days ago

Rachel Reeves’ Budget raises UK tax take to all-time high

NegativeFinancial Markets

Chancellor Rachel Reeves has announced a budget that raises the UK's tax take to an all-time high of 38% of GDP by the end of the parliament, reflecting a £26 billion tax increase aimed at stabilizing the economy amidst ongoing financial challenges.

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via Financial Times