Big changes to taxes, spending and the fiscal rules. Rachel Reeves used her long-awaited first Budget to hit reset, with big increases in tax and spending alongside a major change to the fiscal rules. #AutumnBudget2024
#Chancellor #RachelReeves used her first #Budget to hit reset, with big increases in tax and spending plus a major change to the #fiscalrules to give her room to increase public investment. We’re pleased the government wants to revive investment, which could boost economic growth over the very long term. But tax changes such as higher #CapitalGainsTax could depress private investment.