In what is expected to be a Budget of record-breaking tax rises involving “tough choices” to “fix public services”, Ms Reeves will hold out some hope with a rallying cry that she intends to “invest, invest, invest” to turn the country around.
The rhetoric appears to deliberately echo Tony Blair’s three priorities of “education, education, education” ahead of the 1997 election as Ms Reeves attempts to grasp the optimism of his New Labour government in what is widely expected to be a gloomy Budget.
The first female chancellor in the position’s 803-year history will tell the country her “belief in Britain burns brighter than ever” and while she will be making some difficult decisions “the prize on offer to today is immense”.
However, her Budget comes amid growing warnings of the impact of some of the measures which have already been revealed:
Trade union leaders have told her that if she is genuine about an end to austerity, she will have to fund massive public sector pay rises in the new year
The hospitality industry has warned that a 6.7 per cent hike in the minimum wage will leave the sector as “collateral damage”
This story is from the October 30, 2024 edition of The Independent.
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This story is from the October 30, 2024 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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