UK Chancellor Reeves: Tax increases in budget were necessary

• Tax increases in the budget were necessary
• Tax increases were necessary, and have put UK finances on a stable trajectory.
• Vows fiscal stability.

The review of the budget now that the dust has settled

The UK’s 2024 budget analysis raises concerns about lower growth and higher interest rates. Labour’s plan include significant borrowing and spending. It includes £70 billion in annual spending, exceeding expectations, but leaving only a £10 billion buffer for deficit reduction.

This article was written by Greg Michalowski at www.forexlive.com.