On Wednesday, the Chancellor of the Exchequer, Rachel Reeves, will unveil the new Government's inaugural budget—a moment set to shape the UK’s policy trajectory for the next five years.
Both the Prime Minister and Chancellor have cautioned that this will be a "tough" budget, with confirmed changes to fiscal rules and expected tax increases. As Wednesday’s announcements approach, the extent of potential cuts to public spending remains a major question.
In the context of the £22bn “black hole”, anxious financial markets and low business confidence, Rachel Reeves is under pressure to deliver a budget that can balance fiscal responsibility, tax rises and growth.
Read our report to find out more: https://lnkd.in/eSaH5fC3.
📢 Reeves’ First Budget – What to Expect and What Stakeholders are Calling For
With just two days until the first budget from the new Labour Government, anticipation is building. Scheduled for Wednesday, 30 October, this budget is expected to outline Labour's plans to grow the economy—a key focus area. But, with manifesto commitments, tax and spending promises, a £22bn gap in public finances, and public service funding needs, balancing these priorities will be a challenge.
The Government aims to partner with the private sector to fuel economic growth. This approach means the upcoming budget must reflect input from stakeholders.
Read our report to find out more: https://lnkd.in/eSaH5fC3
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