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UK FISCAL: Chancellor Confirms GBP40B In Tax Hikes In Budget

UK FISCAL
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Chancellor of the Exchequer Rachel Reeves "Together, the black hole in our public finances this year, which recurs every year[...]  means this budget raises taxes by £40bn. Any Chancellor standing here today would face this reality. "

  • Reeves: "Today, for the very first time, we will provide specific funding to compensate those infected and those affected, in full… … with £11.8bn in this budget. I am also today setting aside £1.8bn to compensate victims of the Post Office Horizon scandal… … redress that is long overdue for the pain and injustice that they have suffered."

 

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Chancellor of the Exchequer Rachel Reeves "Together, the black hole in our public finances this year, which recurs every year[...]  means this budget raises taxes by £40bn. Any Chancellor standing here today would face this reality. "

  • Reeves: "Today, for the very first time, we will provide specific funding to compensate those infected and those affected, in full… … with £11.8bn in this budget. I am also today setting aside £1.8bn to compensate victims of the Post Office Horizon scandal… … redress that is long overdue for the pain and injustice that they have suffered."