Chancellor Rachel Reeves has committed to addressing the rising cost of living to provide assistance to families impacted by years of austerity measures under the Conservative government.
In an assurance to readers of the Mirror, the Chancellor pledged to present a Budget aimed at reducing NHS waiting times, lowering national debt, and decreasing the cost of living. Reeves is set to unveil her second Budget on November 26, anticipated to eliminate the two-child benefit limit, introduce taxes on high-value properties, and tackle energy expenses.
Emphasizing the importance of “working families,” Reeves affirmed her dedication to creating a fairer and more secure Britain through her Budget priorities. She asserted that cutting NHS waiting lists, reducing national debt, and easing the financial burden on households are vital objectives.
Acknowledging the strain high prices place on ordinary families, Reeves recognized the need to take action to alleviate these pressures. She highlighted the necessity of addressing economic challenges faced by working people and outlined her plans to manage the cost of living effectively.
The government’s recent efforts to reduce NHS waiting lists, extend the freeze on prescription charges in England, and provide breakfast clubs for children were mentioned by Reeves. She assured Mirror readers that her upcoming Budget will go beyond these initiatives to further support families.
Reeves also announced plans to recruit additional planners across England to expedite the construction of 1.5 million homes. This move is expected to enhance the planning system’s capacity to deliver better housing, infrastructure, and vibrant communities.
In response to earlier indications of potential tax increases, Reeves clarified that any adjustments will be targeted following improved financial forecasts. Furthermore, the Budget is anticipated to introduce measures to publicly identify and penalize employers who violate minimum wage regulations, strengthening protections for workers and ensuring fair pay practices.
The Treasury is set to grant Border Force and HM Revenue & Customs enhanced authority to seize illegal vapes instantly and impose substantial fines. Additionally, new penalties, including imprisonment, may be imposed on business owners found guilty of breaching regulations.
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