Rachel Reeves defiant after historic tax and spend Budget

In the Unlock the Editor’s Digest for free, Roula Khalaf, Editor of the FT, highlights Chancellor Rachel Reeves’ bold Budget announcement, including a £40bn tax increase and £28bn extra borrowing. Reeves faced criticism from both political opponents and the markets, with concerns raised about lower growth forecasts, rising borrowing costs, and the impact of tax rises. Despite some unease, Reeves defended her Budget as necessary to reset public finances and invest in key services, aiming for long-term growth benefits.

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