R1: UK Budget decisions will impact Scotlands budget.
>Reeves is now drawing up plans to find £40bn in order to avoid real-terms cuts to departments, sources say, as first reported in the Financial Times, external and the Times, external.
>Reeves warned ministers there would be “difficult decisions on spending, welfare, and tax” to come in her Budget this month.
>The chancellor is finalising details of her first Budget, to be announced on Wednesday 30 October.
…
>The £40bn figure is much higher than government has previously acknowledged, as ministers come to terms with the economic reality of delivering on their promise that there will be “no return to austerity”.
>So why mention it now? To mentally prepare the public for tax rises to come, and begin to set the parameters as to what to expect.
>The prime minister has talked about how those with the “broadest shoulders” should bear the “heaviest burden”.
>There are two weeks to go until we see what that means. There will no doubt be plenty more pitch-rolling in the days ahead.
Sounds like we may be getting some tax rises (but not on income tax or NICs paid by employees, as per the manifesto commitment), and some spending cuts.
A lot of anticipation in the run up to this budget.
This budget is gonna be a big deal.. Hope they’re not just shifting the burden around!
Remember, despite screaming about the budget the tories over saw deficit increases Every SINGLE Year they were in power bar one.
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R1: UK Budget decisions will impact Scotlands budget.
>Reeves is now drawing up plans to find £40bn in order to avoid real-terms cuts to departments, sources say, as first reported in the Financial Times, external and the Times, external.
>Reeves warned ministers there would be “difficult decisions on spending, welfare, and tax” to come in her Budget this month.
>The chancellor is finalising details of her first Budget, to be announced on Wednesday 30 October.
…
>The £40bn figure is much higher than government has previously acknowledged, as ministers come to terms with the economic reality of delivering on their promise that there will be “no return to austerity”.
>So why mention it now? To mentally prepare the public for tax rises to come, and begin to set the parameters as to what to expect.
>The prime minister has talked about how those with the “broadest shoulders” should bear the “heaviest burden”.
>There are two weeks to go until we see what that means. There will no doubt be plenty more pitch-rolling in the days ahead.
Plans to avoid austerity sounds hopeful, although there is a bit of mixed messaging with the article also mentioning ‘welfare savings’, and [The Times](https://www.thetimes.com/uk/politics/article/keir-starmer-faces-cabinet-backlash-over-budget-cuts-tc2nqlb3n) reporting there is backlash in the cabinet over spending cuts.
Sounds like we may be getting some tax rises (but not on income tax or NICs paid by employees, as per the manifesto commitment), and some spending cuts.
A lot of anticipation in the run up to this budget.
This budget is gonna be a big deal.. Hope they’re not just shifting the burden around!
Remember, despite screaming about the budget the tories over saw deficit increases Every SINGLE Year they were in power bar one.