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Will Rachel Reeves’s borrow-and-spend Budget actually work?

30 October 2024
in Sports
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Will Rachel Reeves’s borrow-and-spend Budget actually work?
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Chancellor Rachel Reeves aims to boost the economy and tackle Britain’s £2.7 trillion debt by increasing taxes by £40bn, with a focus on businesses, and investing £22.6bn in the NHS. The plan includes a significant increase in borrowing over the next four years for public services and green energy projects, with the success of the strategy hinging on the hope that the increased spending will lead to economic growth and offset the additional debt burden.

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