Budget, Labour
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Rachel Reeves has urged Labour MPs to unite behind her Budget as she vowed to stay on as chancellor in the years ahead. Speaking to a meeting of Labour's Parliamentary Party on Monday evening, Reeves warned MPs they must "stick together" if they wanted to win the next election.
Reeves urges Labour MPs to back make-or-break Budget despite dire growth forecasts - Chancellor to unveil series of measures in highly anticipated Budget on Wednesday
Tax rises for good reasons, they argue, as their critics to the Right argue spending, benefits and taxes are out of control. At the heart of this Budget was the chancellor choosing to tax big and spend big.
Neil Kinnock, who called for the two-child benefit limit to be scrapped, says the Chancellor's decision to remove the policy is a 'fine way of combatting child poverty and good for the economy'
The chancellor looked to rally the Labour troops, vowing she’ll still be chancellor in two years’ time if they back her plans for the economy
Reeves hikes taxes by US$34 billion (RM140 billion) to fix public financesTaxes will weigh on growth and Labour’s political fortunesChaotic release of budget details
During an interview on BBC Radio 4's Today programme, the Chancellor was given the opportunity to apologise for breaking the party's promise not to raise taxes. Reeves said: “I believe that they were the fair and necessary choices. I have to operate within the forecasts that I’m presented with.
Political stability is much like riding a bicycle. It is hard to achieve without momentum. In opposition Rachel Reeves promised the country that this would be a government that restored stability to both politics and the economy. With it would come confidence, investment and growth.