How Brits Are 'Bracing Themselves' For The Budget As Rachel Reeves Looks To Raise £40 Billion

This week’s Budget, titled ‘Fixing The Foundations To Deliver Change’, aims to raise £40 billion primarily through tax increases and some spending cuts, including £3 billion from the welfare bill. Chancellor Rachel Reeves is considering inheritance tax, capital gains tax, pension allowances, and the employers’ rate of NI to address the £22 billion hole in public finances left by the Tories. Despite concerns from voters, particularly older demographics, Reeves is confident that the Budget will lead to long-term growth and prosperity, setting the stage for the next general election campaign.

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