Labour's Upcoming Budget Faces Internal Strife and Public Backlash
Chancellor Rachel Reeves prepares a controversial budget aiming to fill a £22bn fiscal gap amid party dissent and potential voter discontent.
- Rachel Reeves is set to deliver Labour's first budget in 15 years, with plans to address a £22bn deficit through tax hikes and spending cuts.
- Key proposals include ending stamp duty exemptions, raising inheritance tax, and freezing income tax thresholds, which have sparked fears of economic slowdown.
- The Labour government is facing internal conflicts, as several cabinet ministers oppose the proposed budget cuts, leading to public discord within the party.
- Concerns are mounting over the potential impact on pensioners and welfare recipients, with £3bn in welfare cuts and reduced winter fuel payments under consideration.
- Public and party skepticism is growing, with some fearing the budget could harm Labour's popularity and undermine its electoral promises.
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