25th July 2024: Shadow Chancellor Rachel Reeves reveals £20bn public finance deficit, potentially leading to tax increases.
Rachel Reeves, Shadow Chancellor of the Exchequer, is set to reveal a £20bn public finance deficit on 25th July 2024, potentially leading to tax increases. Highland News and Media Ltd, the publisher, suggests that this shortfall could signal impending tax hikes. Reeves' revelation would be the first time a major political figure acknowledges a significant budgetary gap, making tax increases a likely possibility.
July 25, 2024
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