Rachel Reeves' Family Budget

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Reeves

The Times & The Sunday Times

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Rachel Reeves: I’ll get growth through reform of pensions and welfare

Summary

Nutrition label

66% Informative

Rachel Reeves is seeking to calm some nerves in the markets after investors in government bonds reckoned her 40 billion tax hike and 140 billion of extra borrowing.

She wants budgets to go back to being tax-and-spend announcements, with details of Labour ’s plans to spur the economy announced outside fiscal events.

Almost half of those surveyed — 49 per cent — say Reeves ’s decision on employers’ NICs had broken her manifesto pledge not to raise taxes on working people.

Just 29 per cent claim Labour has stuck to its promise to not raise taxes.

The amount that employers pay in NICs is increasing by 1.2 percentage points, from 13.8 to 15% .

Morgan McSweeney , the prime minister’s chief of staff, is drawing up a document provisionally entitled Priorities for Change’ The document will link the decisions in the budget and forthcoming spending review to the government's five national missions.

Labour will turn its focus onto the public service reform agenda, which ministers see as key to delivering growth.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

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not offensive

Hate speech