Rachel Reeves has pledged to address the rising cost of living to provide assistance to families following years of austerity under the Tory government.
In a commitment to Mirror readers, the Chancellor has promised a Budget that aims to reduce NHS waiting lists, decrease national debt, and lower the cost of living.
Reeves is set to present her second Budget on November 26, where she is anticipated to eliminate the two-child benefit limit, introduce taxes on high-value properties, and implement measures to reduce energy expenses.
Emphasizing the importance of “working families,” Reeves stated that the Budget will focus on creating a fairer, more robust, and secure Britain.
She expressed, “Working families are my priority as we work towards cutting NHS waiting lists, reducing national debt, and alleviating the burden of living costs. These are essential national goals and my personal objectives as Chancellor.”
Reeves highlighted the significance of cutting NHS waiting lists to uphold the healthcare system, addressing national debt to allocate resources effectively, and reducing the cost of living to ease financial pressures on households.
Acknowledging the financial strain on ordinary families, Reeves assured Mirror readers of her dedication to improving economic conditions for the working population.
Moreover, the upcoming Budget is expected to include plans to recruit additional planners across England to support the construction of 1.5 million homes, enhancing the planning system’s efficiency and capacity.
The Treasury plans to boost funding by £48 million to hire 350 new planners, aiming to expedite project approvals and streamline infrastructure development.
In response to better economic forecasts, targeted tax adjustments are anticipated, with a focus on increasing transparency by publicly identifying employers who violate minimum wage regulations.
The Government’s proposed reforms aim to safeguard vulnerable workers, penalize non-compliant businesses, and streamline enforcement processes to address wage violations effectively.
In a bid to protect workers’ rights and ensure fair pay practices, stringent measures are being considered, including the seizure of illegal vapes by Border Force and HM Revenue & Customs, and potential criminal charges for non-compliant business owners.
The Budget announcement is expected to introduce a series of initiatives, including enhanced powers for law enforcement agencies to tackle illegal activities and uphold labor standards in the UK.