UK Budget: Chancellor Reeves Announces $52B in Tax Rises
UK Budget: Chancellor Rachel Reeves Announces $52B in Tax Rises Within Labour Budget
The Facts
UK Chancellor Rachel Reeves has announced the Labour Party's first budget since 2010, including £40B (US$52B) in tax rises and £22.6B ($29.5B) in extra day-to-day spending for the National Health Service (NHS).UK Chancellor Rachel Reeves has announced the Labour Party's first budget since 2010, including £40B ($52B) in tax rises and £22.6B ($29.5B) in extra day-to-day spending for the National Health Service (NHS).
Speaking in the House of Commons, Reeves – the UK's first female Chancellor of the Exchequer – stated the "only way" to achieve economic growth was "invest, invest, invest," and claimed she was "restoring stability" public finances and "rebuilding" public services.Speaking in the House of Commons, Reeves — the UK's first female Chancellor of the Exchequer — stated the "only way" to achieve economic growth was "invest, invest, invest," and claimed she was "restoring stability" to public finances and "rebuilding" public services.
The Spin
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