Go offline with the Player FM app!
More taxes, higher spending: A closer look at Britain's new budget
Manage episode 521361533 series 2426242
UK Finance Minister Rachel Reeves has announced a new budget that includes more taxes for ordinary workers, but higher government spending on social welfare programmes. The new plan will raise the government's tax take to a post-war high of 38 percent of GDP by 2031, according to the Office for Budget Responsibility (OBR). It will give the government greater room to meet its deficit-reduction targets – prompting investors to buy long-dated government bonds, sending yields sharply lower. We take a closer look.
95 episodes
Manage episode 521361533 series 2426242
UK Finance Minister Rachel Reeves has announced a new budget that includes more taxes for ordinary workers, but higher government spending on social welfare programmes. The new plan will raise the government's tax take to a post-war high of 38 percent of GDP by 2031, according to the Office for Budget Responsibility (OBR). It will give the government greater room to meet its deficit-reduction targets – prompting investors to buy long-dated government bonds, sending yields sharply lower. We take a closer look.
95 episodes
כל הפרקים
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.