Return to stability or the nightmare before Christmas: UK to wean off debt but growth question remains
Depending on who you believe, Thursday’s budget was either the delivery of Labour’s mandate, which sought to bring reckless spending under control and reduce the country’s overreliance on debt. Or it was the “nightmare before Christmas”, as Conservative leader Kemi Badenoch put it. A budget that would take money from working people and put it in the hands of those on welfare. The reality is likely somewhere in the middle. Chancellor Rachel Reeves introduced a range of measures to increase taxes on the country’s wealthiest, including a surcharge on homes worth more than £2 million (€2.28 million) as well as…
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