Rachel Reeves puts positive spin on looming £35bn 'tax bomb' Budget in slick video pleading for...

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Rachel Reeves puts positive spin on looming £35bn 'tax bomb' Budget in slick video pleading for...
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Speaking to the PA news agency, Chancellor Rachel Reeves said the final settlements had been confirmed but acknowledged it had been 'right for all Cabinet members to want to get the best settlement for their departments'.

Rachel Reeves pleaded for Brits to 'look to the opportunities of the future' today as she tried to put a positive spin on her looming £35billion 'tax bomb' Budget.

The government will switch to a debt measure based on liabilities - which should allow around £50billion more borrowing for projects such as running HS2 to Euston. Speaking over footage including her at work and smiling nurses, Ms Reeves insisted the government was going to 'fix the foundations' of the country and she had 'never been more optimistic'Rachel Reeves is preparing to confirm that she is bending fiscal rules to splurge billions more on infrastructure

Government bonds in many countries have been under pressure amid speculation on interest rate movements and sustainability of economic growth. The rumoured £35billion of tax increases in the package could leave Ms Reeves with two unwanted slices of history.

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