BBCChancellor Rachel Reeves has rejected “tax and expenses” policies, indicating that it will neither increase taxes nor government budget in its important spring statement next week.
Speaking in a BBC documentary, the construction of a Chancellor, Reeves also warned that the government cannot tolerate the types of expenses seen under the final labor government.
Hope to make it Cut in some government departments on WednesdayThe assistance budget has already been allocated to protect more money.
“We can’t do and spend our way for higher standard of living and better public services. It is not available in the world that we live today,” he said.
In his autumn budget, Reeves Tax and public spending levels increased significantly – large scale businesses were paid through additional taxes which proved to be highly controversial.
But he is now under pressure on many fronts. It emerged on Friday that the government was borrowing – the difference between its expenses and its income from taxes was more than expected in February.
There was an official prediction for that month from the office for budget responsibility £ 6.5 billion, but it hit £ 10.7bnLeaving the Chancellor with a low fiscal headroom.
Adding to the treasury’s in-trai, official development forecast for the economy is also likely to be cut.
Last week, work and pension secretary Liz Kendal unveiled Extensive changes in profit systemWith the aim of saving £ 5BN in a year by 2030 and creating a more “Pro-Work System”, although ministers have not determined the breakdown of forecasting savings.
Will change Impress people claiming disability and health benefitsAlso, people under 22 years of age rely on top-up payments on universal credit.
The Chancellor will determine the impact of these changes in his spring statement in more detail, and it is expected to declare further cuts-this time to meet some Whitehall departments to fulfill his self-immunological rules for the economy.
The Treasury has reiterated that these rules are “non-circumcision” for not lending for public expenditure of public spending and falling debt as part of the UK economy by 2029–30.
In his BBC interview, Reeves insisted, “What I have done so far has put money in public services.”
He said that there was “real increase” in spending for each of the next few years but not at the levels that we were able to distribute under the final labor government when the economy was growing much more strongly “.
But Labor Grandy Lord Blaunket wants Reaves to “loosen the self-looked fiscal regulations”, call them “Treasury orthodoxy and montarism their worst”.
Getty imagesTalking to BBC Radio 4’s The Week at Westminster on Saturday, the former work and pension secretary under Tony Blair said that he will extend the rule “self-stunned by” at least £ 10-15BN “to” make a new deal for the unemployed, which are being done half of those youth who are out of work and training in work and training programs. “
Reavs spoke to me earlier this week Effective among MPs in welfare changes,
In the interview, he opened how the job is still running, not only on his decisions, but also Accuracy of some parts of his CV,
Asked if he was treated properly, and in the same way his male predecessors, Reaves told me: “I think it would be to do justice for others and to do justice for people over time.
“I believe that what I am doing today also examines a lot with the privilege of doing a job. I fully believe that every policy that I declare, every pound public money, for taxpayers’ money that I spend, and every pound that I take from people, is done properly. It is part of the work.
“I think I think I find it difficult, even with thick skin I think I think I would have developed in these last 14 or so many years, some personal criticism because it is not the kind of politics I do.”
Responding to Reeves’ comments on the economy, Shadow Chancellor Mail Streed said: “Labor Chancellor promised ‘development, development, development’, but since the budget, the growth is low, inflation is increasing, and the trust of business has collapsed.
“Labor is to come forward with an emergency budget on Wednesday – the position of fully making its own.
“Rachel Reeves should reconsider his anti -business budget immediately.”
