Reeves will not increase tax in spring statement, authorities

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Chancellor Rachel Reeves will not increase the summer announcement of next week, the officials of labor, “emergency budget” said they rejected the conservative claims.

Reeves will return instead Reducing public spending – Rehabilitation of the planned budgets of Whitehall departments – a combination of welfare and deposits – reset the adequate headroom in accordance with the financial rules.

Reeves’ allies, “Reasonatatively,” said he decided to convince the financial markets by keeping a hood. “Markets are watching us carefully,” he said.

Large debt expenses and slow growth are expected to rescue the most or all 9.9 billion pounds of the British financial guard.

Government officials rejected Reveves that the cushion will try to significantly increase this bag – a move that will need more expenses than expected.

“We’re a buffer, but we don’t play the game of numbers,” he said. The financial procedure for the reeves determines the adaptation of current expenses with tax revenues in 2029-30.

Kemi Badenoch, Conservative leader, Reevesin ‘fiscal plans alleged at the Commons House on Friday, so many seasons were forced to hold the “Urgent Budget next week.”

However, labor officials said that the article on Wednesday will increase taxes and the autumn budget will be announced.

“You give taxes to the main financial event – this is not one,” he said.

Chancellor, in the head, including some saves determined to reset the head 5 Billion pound welfare cuts On Tuesday, Liz Kendall was announced by the Secretary of Jobs and Pensions.

In addition, the government will give additional comfort to the chancellor to increase the protection of the government’s foreign development budget, to increase military spending to 2.5 percent of GDP by 2027.

The reason is that some defense costs are classified as an investment, which is re-ineviews from the budget rule.

According to people’s plans, in 2026-27 he will use a statement to create a fresh distress in department spending.

This schedule covers the upcoming period of the government’s upcoming spending, the results will be announced in June, as well as the last year of parliament will be announced.

Back after annual real terms, a growth day by day, 1.3 percent in 2026-27 percent compared to 1.3 percent, the government can save billions of pounds.

The Institute of Financial Research, a thought tank, the growth rate of about 1.1 percent, the Budget Liability of the October will save a year about $ 5 billion until the end of the parliament.

Some economists criticized Reevines to prevent the head of about 9.9 billion pounds by the OBR in October last October.

This buffer was the third youngest of 28 forecasts made by OBR since the founded in 2010.