As part of Chancellors statement on public spending inheritance, Rachel Reeves announced the Autumn budget date. I am announcing today that I will hold a Budget on October 30th alongside a full economic and fiscal forecast from the Office for Bud…
As part of Chancellors statement on public spending inheritance, Rachel Reeves announced the Autumn budget date.
I am announcing today that I will hold a Budget on October 30th alongside a full economic and fiscal forecast from the Office for Budget Responsibility.
She went on to state that 'I have to tell the House that Budget will involve taking difficult decisions to meet our fiscal rules across spending, welfare and tax…… It will be a Budget to fix the foundations of our economy. And it will be a Budget built on the principles that this new government was elected on.
First, we will treat taxpayers' money with respect by ensuring that every pound spent is well spent… and we will interrogate every line of public spending to ensure it represents value for money.
we will not increase National Insurance, the basic, higher, or additional rates of Income Tax
….I can repeat – from the despatch box – our manifesto commitment that we will not increase National Insurance, the basic, higher, or additional rates of Income Tax, or VAT.
And today my Right Honourable Friend the Exchequer Secretary is publishing further detail on our manifesto commitments to close tax loopholes and clamp down on tax avoidance…
… to ensure we bring that money in as quickly as possible'.
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