Summary
Rachel Reeves, the Chancellor, is preparing to present the new Budget. The main focus of the Budget includes reducing the cost of living, decreasing NHS waiting lists, and lowering government debt. The situation is complex because increasing taxes might also increase living costs for some people.
Key Facts
- Rachel Reeves is the Chancellor responsible for presenting the Budget.
- The Budget aims to address three main issues: cost of living, NHS waiting lists, and government debt.
- There will be some tax increases aimed at specific groups, as income tax rates will not rise.
- Some measures, like freezing rail fares, are intended to help with the cost of living.
- Labour MPs show concern about the government's unpopularity and its impact on the next election.
- The Budget has been discussed for months, with high public interest and speculation.
- There have been talks of dissatisfaction among MPs and potential leadership challenges.
