This is a Britain news story, published by Sky News, that relates primarily to Rachel Reeves news.
For more Britain news, you can click here:
more Britain newsFor more Rachel Reeves news, you can click here:
more Rachel Reeves newsFor more United kingdom business & economics news, you can click here:
more United kingdom business & economics newsFor more news from Sky News, you can click here:
more news from Sky NewsOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about United kingdom business & economics, you might also like this article about
government spending. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Fiscal Studies news, further optimism news, news about United kingdom business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
welfare spendingSky News
•
73% Informative
Rachel Reeves will need to raise taxes in this month 's budget by about 25bn to honour Labour 's pledge not to return Britain to austerity.
Institute for Fiscal Studies says she will need 25bn more than George Osborne in 2010 .
Sky News understands that there are three elements driving the need to find cash ahead of the budget.
Treasury agrees with warnings issued by IFS about raising rates too far.
Pension funds and investment funds are issuing major warnings not to tax pension contributions via the national insurance system.
This could reduce workers' long-term savings and squeeze the amount funds can invest.
A plan for social care will not be announced at this budget, and funding for such is more likely to come in first half of next year .
VR Score
77
Informative language
77
Neutral language
44
Article tone
semi-formal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links