What Labour’s first budget means for wages, taxes, business, the NHS and plans to grow the economy – experts explain
- Written by Linda Yueh, Fellow in Economics/Adjunct Professor of Economics, University of Oxford
For the first time in 14 years, it was a Labour chancellor who delivered the UK budget. And for the first time ever, that chancellor was a woman. But Rachel Reeves faces an almighty task: plugging a £40 billion spending gap in the knowledge that pre-election promises not to raise the main taxes are still fresh in people’s memories.
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