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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