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Huffington Post // Entertainment

Rachel Reeves Slams Tories As She Hikes Taxes By Record-Breaking £40 Billion In The Budget

Wednesday 30th October 2024, 1:17PM

Rachel Reeves, looks up as she holds up the traditional red ministerial box containing her Budget speech outside No 11 Downing Street.Rachel Reeves slammed the Tories as she unveiled plans to increase taxes by a record-breaking £40 billion in the Budget.The chancellor said the last Conservative government had “failed this country” and left £22 billion of unpaid bills that Labour now had to pay.She said the employers’ rate of National Insurance will go up, as will capital gains tax and inheritance tax.However, she ended the freeze in income tax thresholds introduced by the Tories, saving millions from being dragged into higher tax bands after 2028.And in a boost for motorists, Reeves also ditched plans to end the freeze in fuel duty.Reeves, the countr

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