Reeves eyes up to £40bn in tax rises and spending cuts
Budget 2024 – latest: Inflation falls to lowest rate in three years, Reeves ‘eyes £40bn’ in cuts and spending
The tax rate is 40 per cent, but it’s only charged on the part of the estate that’s above the threshold. In 2023/24, only 5 per cent of deaths generated an inheritance tax bill, raising around £7 billion.
UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut
Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting.
Reeves eyeing £40bn in tax rises and spending cuts
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.
Reeves eyes up to £40bn in tax rises and spending cuts in Budget
Reeves eyes up to £40bn in tax rises and spending cuts in Budget - The Chancellor told ministers on Monday that plans to fill a £22 billion black hole would be enough only to ‘keep public services standing still’.
Reeves to target £40bn of tax rises and spending cuts in Budget
Rachel Reeves is to look at raising £40 billion in tax rises and spending cuts in the Budget. The Chancellor wants to inject money into the NHS and ensure that no government department has to endure a real-term spending cut this year.
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