Labour's Budget Faces Criticism Amid Controversial Tax Measures

Chancellor Rachel Reeves defends new fiscal policies as opposition and public express concerns over economic growth and tax changes.

• The Labour government's first Budget in 14 years introduces higher taxes, including VAT on private school fees and reduced tax relief for inherited farms.
• Rachel Reeves cites a £22 billion funding gap, partially attributed to undeclared spending pressures by the previous Conservative government.
• The Office for Budget Responsibility (OBR) supports Reeves' claims, highlighting a £9.5 billion funding gap from the previous administration.
• Critics, including opposition MPs, argue that the Budget's measures will not achieve the promised economic growth, with some labeling it a 'Budget emperor with no clothes.'
• Protests from farmers are anticipated, with potential disruptions similar to past fuel protests, as they challenge the new agricultural tax measures.

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