Chancellor Reeves' Budget Uncertainties

This is a news story, published by Guardian, that relates primarily to Labour news.

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government spending

Guardian

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Labour’s tax red lines have left Reeves with ‘one hand tied’ for budget, says IFS

Summary

Nutrition label

74% Informative

Institute for Fiscal Studies (IFS) said Labour had promised not to raise income tax, national insurance, VAT or corporation tax before the budget.

IFS said Labour entered office faced with “unenviable arithmetic” given that previous government pushed tax revenues to the highest level since the 1940s .

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful