AssetID: 55139156
Headline: UNCAPTIONED: Rachel Reeves Reconsiders Tax Pledge
Caption: Rachel Reeves Reconsiders Tax Pledge. Chancellor Rachel Reeves no longer upholds her tax freeze pledge, citing global economic shifts. Reeves linked her policy shift to global conflicts, U.S. tariffs, and rising borrowing costs. Despite broader tax policy shifts, Reeves signalled VAT won't rise in Labour’s upcoming budget. She reaffirmed Labour’s manifesto commitments to protect working people and shield them from additional economic burdens. Responding to speculation about her budget plans, Reeves called many recent reports inaccurate and irresponsible. Reeves backed Starmer in condemning Reform U.K.’s plan to deport settled immigrants as morally wrong. She emphasised the difference between enforcing immigration laws and targeting long-term, contributing residents. Reeves will outline Labour’s economic strategy, balancing fiscal discipline with fairness. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Rachel Reeves,tax pledge,UK budget,Labour Party,VAT,global economy,borrowing costs,US tariffs,Keir Starmer,Reform UK,immigration policy,fiscal strategy,Labour conference 2025
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