British Chancellor's first Budget creates nationwide backlash from multiple sectors
First-time Chancellorʼs economic decisions trigger wide-ranging protests from farmers and business owners. Multiple tax changes and policy shifts raise questions about Labourʼs pre-election promises
Since taking office in mid-summer Rachel Reeves economic decisions have created a storm of criticism from various sectors. Her first budget as Chancellor didnt meet expectations and caused nation-wide protests
This week thousands of farmers gathered near Parliament to voice their concerns about inheritance-tax changes that affect family farms (a move that will bring in just a few hundred million per year). The policy might lead to food-supply problems and farm closures
I beg of the Government to be big and accept this was rushed through
The budget includes several controversial tax-related decisions; private-schools VAT changes winter-fuel payment cuts and pension-tax modifications. These choices could push about 100000 people into financial trouble and put extra stress on public services
The National Insurance increase is hitting private-sector workers hard - leading to reduced pay and possible job losses. Interest rates wont drop as fast as needed which creates extra problems for people with mortgages
Reevesʼ approach to public spending and borrowing raises more questions than it answers; her policies seem less thought-through than even those of previous Labour chancellor Gordon Brown. The CV controversy and broken pre-election promises about working peoples taxes dont help her reputation
