Labour's first Budget in over a decade has sparked debate, with Chancellor Rachel Reeves announcing £40 billion in new taxes. The Office for Budget Responsibility has backed Labour's claims that the previous Conservative government left a financial 'black hole,' though the scale of the issue is contested. Critics are questioning whether Labour has broken its pledge to support working people, with various groups feeling left out of the party's economic plans. The Budget has received mixed reactions from the media, with some praising the bold moves and others warning of potential risks.
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Papers react to Labour’s Budget ‘gamble’
The nation’s papers have delivered a mixed response to Labour’s first Budget in 14 years, with Chancellor Rachel Reeves’s announcement of £40 billion a year in extra taxes coming under particularly heavy scrutiny.
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Has Labour broken pledge to help working people? i writers give their verdict
The run-up to the Budget has seen Labour ministers tie themselves in knots as to what exactly a working person is. Keir Starmer has grown tired of the media game – which sparked a backlash from various groups from landlords to savers who feel ignored.
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