“Brace Yourselves!” Reeves Eyes Up To £40bn In Tax Rises And Spending Cuts In Budget

Rachel Reeves is looking to raise up to £40 billion in tax hikes and spending cuts in this month’s Budget as the Government seeks to avoid a return to austerity, it is understood. The Chancellor told ministers in a Cabinet meeting on Tuesday that plans to fill what Labour calls a “£22 billion black hole” in the UK’s finances will be enough only to “keep public services standing still”. Talk’s Kevin O’Sullivan and Isabel Oakeshott discuss the UK economy, criticising Labour as “not a business-friendly party”. Click here for more from Talk If you need any help visit: #economy #politics #labour