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iNews (Indonesia)

Eight economy-boosting Budget measures Reeves could try - and how likely they are

iNews (Indonesia)
Summary
Nutrition label

64% Informative

Rachel Reeves faces balancing act at her first Budget as Chancellor as she tries to balance the books.

She has consistently warned of the difficult choices ahead, citing the 22bn “black hole” left by the previous Conservative government.

Here are key measures that people want her to make in the Budget to boost the economy.

Barclays has called for stamp duty to be slashed for older people to encourage them to downsize.

Barclays said it could lead to 3.8 million families being encouraged to move.

Critics say the main beneficiaries of such a cut would be wealthier homeowners.

Martin Lewis , founder of MoneySavingExpert , is among those calling for LISA withdrawal penalties.

Labour has been clear in public and in its election manifesto that it won’t increase any taxes on working people.

But it is not expected that the Chancellor will announce any cuts to taxes in the Budget .

The party’s manifesto also promised to abolish the main rate of self-employed national insurance by the end of the parliament.

VR Score

68

Informative language

69

Neutral language

32

Article tone

semi-formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links