Rachel Reeves Faces Backlash Over Planned Tax Increases

The new budget proposal aims to raise £40bn through controversial tax measures, challenging Labour's pre-election promises.

• Rachel Reeves is expected to announce a budget that raises £40bn through tax hikes and spending cuts, despite earlier promises to avoid such measures.
• Key proposals include freezing income tax thresholds and increasing national insurance contributions for employers, potentially impacting businesses and workers.
• Labour's budget plans face criticism for potentially breaking manifesto pledges, with accusations of misleading voters about tax impacts on working people.
• Reeves plans to modify debt rules to allow for £50bn in borrowing for infrastructure, aiming to balance immediate fiscal needs with long-term investment.
• Public and business reactions are mixed, with concerns about economic growth and the impact on middle-income earners and private sector employers.

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