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tax backlash

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tax rises

Guardian

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Labour could be knocked off course as it sticks to £40bn mission

Summary

Nutrition label

73% Informative

The public approached the budget expecting the worst, but the budget landed as well as could have been expected, given that it will raise 40bn in tax.

The Treasury believes some backlash was inevitable, given the historic scale of the revenue-raising measures.

But Labour research suggests that voters accept someone had to pay for a much-needed increase in public spending, and are glad it wasn’t them.

Major structural changes promised on planning, infrastructure, industrial strategy, labour market reform are yet to be fully fleshed out.

Given how long reforms like these need to take effect, time is so short.

Limited nature of changes to the UK - EU relationship envisaged in Labour ’s manifesto means that they would be likely to have little impact on growth.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful