Rachel Reeves must build a fairness narrative to support upcoming tax rises in her second budget

Rachel Reeves faces a tough challenge with her second budget on 26 November, needing to justify over £20bn in tax rises amidst Labour’s promise of renewal. Her recent conference speech emphasized investment over austerity and positioned Labour as the true workers’ party, but it lacked a clear framew... [More info]

UK savers in PANIC: £70bn yanked from pensions (+36% YoY) & £636m equity stripped from homes to flee Labour's IHT raid!
-> Avg £126k loans for gifting - beat the 7-yr trap now?
#InheritanceTax #PensionPanic #LabourBudget #UKTaxTerror #UKLabour
Public Sector Net Debt as % of GDP: Stood at 96.1% at the end of July 2025, up 0.5 percentage points from the previous year – levels last seen in the early 1960s.
#UKEconomy #FiscalCrisis #RachelReeves #GiltYields #LabourBudget
*** UK debt crisis explodes ***
-> 30-yr gilt yields at 5.68% (highest since '98)!
-> Reeves scrambles to fill fiscal black hole with tax hikes or spending slashes. Economy on the brink?
#UKEconomy #FiscalCrisis #RachelReeves #GiltYields #LabourBudget

Funny how “budget responsibility” never includes taxing the rich. Raise corporation tax, capital gains tax, and restore the 50% band—simple fixes if Labour were actually a centre-left party.

#Lanbour #WelfareUturn #WelfareCuts #LabourBudget #RedTories #TaxTheRich #PublicSpending #endausterity

There is a lot to like about this Labour budget...

Private schools NOW TAXED
Capital gains tax UP
Non dom status ABOLISHED
Tax loopholes CLOSED
Extra 5000 tax staff to fight fraud & chase tax cheats

#Labourbudget #Budget2024 #UK #ukpol #ukpolitics #UnitedKingdom #Britain #Westminster

"So the government was giving Saint Helena £6.5m in the expectation that the island would take precisely no one. In the past two years, not a single person claiming to be Chagossian has pitched up on Diego Garcia. Nor was anyone expected in the 18 months before all things Chagos became the problem of Mauritius. Though if someone did show up, St Helena would get paid substantially more."

But there's no money about…

#LabourBudget
#ChagosIslands
#StHelena

https://www.theguardian.com/politics/2024/oct/21/robert-jenrick-wont-sleep-maddest-person-in-the-room

Honest Bob Jenrick won’t sleep until everyone sees he’s the maddest person in the room

The Tory leadership hopeful believes that if he shouts the same things a bit louder, everyone will eventually come round to his way of thinking

The Guardian
Labour’s consideration of raising CGT is a positive step, but why not be bolder? Equalising it with income tax could unlock £14bn for public services. No more excuses, we need action. #EconomicReform #LabourBudget