
Watch live as chair of the Office for Budget Responsibility (OBR) Richard Hughes holds a press conference after Labour’s Budget was announced on Wednesday, 30 October.
Rachel Reeves, the UK’s first female chancellor, announced tax hikes that will raise an eye-watering £40bn.
The chancellor said Labour had inherited a £22bn funding “black hole” from the Tories and would never again “allow a government to play fast and loose with public finances.”
Ms Reeves promised to “invest, invest, invest” in order to “fix public services” after months of warning the public of the “tough choices” ahead.
She confirmed increases to employers’ national insurance contributions, stamp duty on second homes and a scrapping of VAT exemption on private schools fees, and a new duty on vaping liquids.
Ahead of the press conference, the OBR said Ms Reeves’ plan “delivers a large, sustained increase in spending, taxation, and borrowing.”
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Look at that horrible smirk from reeves evil Ass
The only thing Labour knows how to do is hike TAXES! Cant create any idea to improve things.
She has sold out to Labours master Lord Ali. She does whatever he tells her and takes his “gifts” in return 🍆
These people clearly want civil war 😂
Labour are Marxists
This guy sounds ds like an AI ROBOT. Is he real . His presentation is quite the most boring explanation I have ever heard,
Tax hike. Bleeding up the middle class
All money for Ukraine,
They have more than enough to waste on illegal migrants. Nothing to help our own British rough sleepers.
Joke Tinpot PONCE country👉🏻🏴
Joke FINISHED union 👎🏻🇬🇧
🏴☮️🇪🇺
And all the money goes to Ukraine and Isreal🤣 absolute jokers
Wood u ALL IN THE Media ask your Spin Doctors to STOP spinning. SHE HIT THE BIG GUY'S IN THEIR POCKETS i.e She hit the rich, isThe truth of the matter; and that's Y rhicie and his cronnies dem is well angry and vex, as she is clearing THE 24BILLION POUNDS BLACK HOLD and taking back the 24BILLION Pounds that they stole from the Public Purse. Well done RACHEL Signed. HRH KING JUDAH INRIP. P.s PRESIDENT KAMALA HARRIS OF THE USA sends her greetings and says she'll have Trump begging her for a date to fix his taxes and outstanding massive and rising debts in the U K by 12 01 am the 6th Nov 24 and or hell be joining our P Diddy in New York him taking part in and being in those Diddy Freak Off's also.
People won’t be able to live, they won’t spend and we will have another recession after inflation rises. She hasn’t got a clue.
Absolute jokers!!! Just spend less instead of tax hikes!!!!!!!!!
Let me explain the budget to you.less shopping less drinking less going out 😂
The Media: the Southport situation is really bad, let's distract them with this
He send 2,26Bu to Ukraine using taxpayers money
He's a liar and corrupt government
RoboReeves is just another WEFMONSTER in WEFMINSTER
Boop Boop Beep Beep 🤖
All Crap and liars
Meanwhile the UK sends millions to Israel as aid
Maybe stop letting illegal immigrants in that are costing us millions per day.
What a joke they could easily cut military spending cause no one gives a fk about UK and stop free cash for Ukraine and Israel, they could easily do this without tax hikes and increase help for middle class on top of that…. What a mess
#FreeTommy #Traitors_all
How does it feel to be the worst female politician since Theresa May
UK citizens have been relegated to this one phrase "YOUR' a PEON" so suck it up
A woman in charge of money is a disaster waiting to happen
she’s worse than Thatcher.. Greeed will kill us all after the mayhem of poverty separates us further from them ! You can’t get the country back on its feet by cutting it off at the knees! She won’t go hungry, it’s us that will ..
Not looking forward to my tax bill thanks labour you are really doing a lot for working class people
If they stopped bringing in/paying for Muslims, they would have all the money they "need". CUNTS!
She and starmer are getting rich,by, pushing millions of British people, deeper into poverty
The thing doing the reading,has he got a battery in his head
Office of budget irresponsibility
If we are sending 11 billion to africa for climate change are we borrowing that money 💰? If so tell those african countries to borrow it themselves ffs !
The British government spends approximately £8 million per day on housing illegal immigrints in hotels. This amounts to around £2.9 billion per year. £2.9 billion.
Also, this year the British government sent £12.8 billion to ukraine, and has spent £13.3 billion this year on foreign aid.
In total, this is a staggering £29 billion.
This isn't mentioning them shutting down all coal plants, even though most carbon capture and storage (CCS) technologies capture 90% of the carbon dioxide emissions. The transition to net zero will cost £38.5 billion to £76.9 billion per year.
In total, this is a staggering £67.5 billion.