'This is not the sort of Budget we would want to repeat. This is the Budget that is needed to wipe the slate clean and put our public finances on a firm trajectory, the Chancellor said
'This is not the sort of Budget we would want to repeat. This is the Budget that is needed to wipe the slate clean and put our public finances on a firm trajectory, the Chancellor said
Financial markets responded cautiously to the package with the UK’s borrowing costs rising due to a large increase in the amount of debt being issued by the state.Reeves hoped her outing as the first female Chancellor could inspire girls across the country If economic forecasts put out by the Office for Budget Responsibility are not upgraded in future years, Ms Reeves will have to choose between hiking taxes again or keeping spending at a level that would imply painful cuts for many Whitehall departments.
But ex-Chancellor George Osborne warned Ms Reeves was “setting up a return to austerity in about two years’ time” unless extra growth allows her to put more money into public services.
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