Reeves’s repair work escapes tax rises – so far

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Chancellor called it a spring statement. The conservatives called it an emergency budget. In practice, the head of Racheline ‘MPs had all the signs of an operation in a 33-minute statement.

The central feature of the Chancellor’s statement has been the result of how it will fill in the 14 billion pounds of financial hole in October since the opening of the budget and the result of stagnant growth and stagnant growth.

This was a blitz, a blitz with a blitz, a Blitz, a blitz, a blitz, a blitz, a blitz, a blitz, a blitz, a blitz, a blitz, a blitz, a blitz.

But in the inevitable sense Reives‘Speech, the main goal of the summer statement was to keep the financial show on the road. Are likely to present a larger economic and political test in the next six months.

“The world changes – we can see it and we can feel it,” Revees deputies. Donald did not talk about the name of Trump, but the US President shadowed over the speech of Chancellor.

A British ruling program or global trading program may be warned or promised to be “more unstable”, the Trump’s presidential economy is also in danger.

The reouter of the 9.9 billion pounds of £ 9.9 billion pounds in the main financial procedure of the “budget liability” to balance its current expenditures to the 2029-30’s budget liability.

This was only one third of the average figure – 31.3bn – was allocated by previous chancellors since 2010.

Deputy Prime Minister Old Tory’s old Tory said: “It was exhausted from the appetite for the expenditures of the Labor Party. When he returned with tax rises in the fall, it will be in big problems.”

Many Labor MPs are now close to 3.4 billion pounds of net well-being deposits arranged by reveves; one Assessment of government’s impact Filled with a little fear of politics.

This is a quarter of a million people, including 50,000 children, disappear the relative poverty as a result of welfare reforms.

“Mood Grim,” said a veteran working deputy. “You will not see a great rebellion or something, but people are other than they’re upset.”

Given that the welfare package will be subject to a commentative house, it may not be so sanguine.

Until the day of the department, the cuts are already resisting by some cabinet ministers and are labeled as a long-term conservative side “Back to Stiff”. Larger cuts will carry a political price.

Reveves hopes to prevent the worst and seal a rapid trade agreement with Trump to prevent the worst and mostly punished US tariffs. However, Britain will be struck by all other economies by the Global Trade War, and welcomes the headline planned by OBR, Wednesday.

Tory Shadow Chancellor Mel Stride, Reeves has since the budget since its budget since its budget, said that it will be sensitive to the latest financial plans.

On Wednesday, his updated plans explained the cutting on Wednesdays to bow to the same level, “He had this amount in advance and Blew – and more.”

In the Chancellor, in an oblique warning, the walk was in the event of another financial repair work, if it was responsible for the public financing, “they want to look at tax growth.”

Any economic deterioration may return to return to the higher tax questions of Reives, only a year after the announcement of the tax increases, fell to employers through higher national insurance payments.

There were signs of other economic warning. OBR, mortgage interest rates have been said to be a 0.2 percentage compared to the forecast period than expected in October.

Forecaster also evaluated 76% of the increase in the increase in Nice is given to the employees of the “true salary”. Most of the majority of business leaders pointed to a significant reduction in nominal salaries.

There were a few bright spots with the releases of the workers’ workers. The OBR calculates Planning reforms will increase growth And this year’s forecast for this year’s forecast, this year’s forecast raised growth forecasts in parliament about 1.75 percent.

Reeves claim that in 2027, the GDP will eliminate higher defense expenses, the protection and industry in the UK. OBR also increased the plans to grab the government from home.

The spring will see that Reeves controls a new industrial strategy and the result of “zero-based review” of all social expenses. “It’s a bold government to take steps,” he insisted.

However, the sentence was questioned in the ruling spring statement. Government officials, the ministers announced the savings of £ 5 billion last week, just to say that they want to save £ 3.4 billion for the OBR.

Then, when cutting benefits for the sick and the disabled, there was a decision to accept “Freebie” tickets for a Sabrina carpenter concert. Chancellor said it was in terms of security, but it could see that some people “alone” on Wednesday.

Must be more accurate legged in the upcoming period. Although the summer declaration was a difficult time for Reeves, there was a sense of MPs from the Commons of MPs, which will be tested in the next six months and determine the Chancellor.