Reeves Pledges History-Making UK Budget as Markets Await Details
Politics tamfitronics Rachel Reeves said her crucial first budget on Wednesday will be a “new settlement” for the UK, as she prepares to announce a package of tax rises and increased borrowing plans that will define British politics for the rest of the decade.Author of the article:Bloomberg NewsJoe Mayes and Joe EastonPublished Oct 27, 2024 • 3 minute read(Bloomberg) — Rachel Reeves said her crucial first budget on Wednesday will be a “new settlement” for the UK, as she prepares to announce a package of tax rises and increased borrowing plans that will define British politics for the rest of the decade.“In 1945, we rebuilt after the war; in 1964, we rebuilt with the white heat of technology; and in 1997, we rebuilt our public services,” Reeves said in an interview with the Observer newspaper,...