After Labour’s first fiscal event since 2010, Rachel Reeves told News that it would be “irresponsible” to guarantee that there will be no more tax increases.
“I’m not going to make a commitment to never change taxes again,” Ms. Reeves told Beth Rigby, the political editor for News.
That would be careless.
But considering the disaster the Conservatives left us, this is a once-in-a-parliament budget to start again.
Ms. Reeves’ claim of a £22 billion “black hole” was not supported by an OBR review, which stated that it was impossible to determine the precise amount of money.
However, it did state that if they had been informed of spending challenges that were not brought up at the time, the March prediction would have needed to be updated.
The demands were broken down in government documents today, which included £4.4 billion for defense, £7.1 billion for the Home Office, £3.1 billion for education, and £7.3 billion for health and social care.
