Rachel Reeves vows to 'grip the cost of living' - despite expectation of tax rises in budget
Rachel Reeves plans the first rail fare freeze in 30 years, extending income tax threshold freezes to raise £8.3 billion annually by 2029-30, aiming to ease cost-of-living pressures.
- Chancellor Rachel Reeves has pledged to 'grip the cost of living crisis' despite expected tax rises in the upcoming budget.
- The UK government will freeze rail fares for the first time in thirty years to help ease household financial pressures.
- Reeves stated that soaring prices 'hit ordinary families most' and emphasized the need to control inflation for economic recovery.
- The budget is set to address inflation, with anticipated tax increases to stabilize public finances.
21 Articles
21 Articles
The Chancellor's Red Box: Why is it used for the Autumn Budget?
The red box being hauled out often means one thing… tax hikes (Picture: Getty) To stand in front of No.11 with a red box held high and cameras flashing is a rite of passage for British chancellors heading to the House of Commons to deliver their annual Budget statement. Rachel Reeves has joined them before, stepping up to the despatch box to tell us all how much tax we’ll have to cough up over the next 12 months—including changes to the minimum …
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