£40bn tax raise was a 'once in a Parliament' event says Chancellor | Budget 2024
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- Опубликовано: 24 дек 2024
- Chancellor Rachel Reeves says '"this wasn't the budget I expected to deliver" as she announced Labour's first budget in 14 years.
The chancellor set out an increase in taxes by £40bn, but tells Sky News it would be "irresponsible" to rule out further tax rises and that she is "not going to make a commitment to never change taxes again".
Talking to Sky's political editor Beth Rigby, Ms Reeves says that Labour inherited a £22bn "black hole" and said a tax increase was needed to "put public finances on a sound trajectory" and "wipe the slate clean after the mess that the Conservatives have left us."
Read more: news.sky.com/s...
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labour have thrown the british people under the bus
Labour despise the Brits.
And charged us an extra pound for it
Reported to 2 tier RUclips polic😂😂
Victim mentality!
Because tories were so much better right?!?!
Personally I don't want to hear the phrase 22 billion black hole again
She just like a parrot keep repeating same phrase over and over 😢
She is saying that because the Truss put a massive hole in the budget which will impact for atleast 10 years to the british public
FYI, The Office for Budget Responsibility (OBR) has not backed up Rachel Reeve's claim of £22 billion black hole claim. So that was a lie
It’s 40 now
It’s not true, it’s choices she has made
Brilliant interview by Beth Rigby. The chancellor clearly squirming in her seat
It’s very easy, don’t invest £22 billion in R & D for carbon capture= no black hole, I’m not one for inflamed rhetoric, but I truly despise this government
Time to stop paying tax at all
That's not true:
2024-25 public sector pay awards (£9.4bn)
“Normal Reserve claims” (£8.6bn)-as explained below, we don’t have full details of what this includes
Additional asylum and illegal migration costs (£6.4bn)
Additional rail passenger services and maintenance costs (£2.9bn)
New policy commitments (£2.6bn)-this included extending the Household Support Fund to September 2024, launching the Advanced British Standard qualification framework and additional bus services support
Overhang from previous years’ pay awards (£2.2bn)
Additional military and civilian support for Ukraine (£1.7bn)
Additional health costs (excluding pay) (£1.5bn)
And stop giving people 13% pay rises. That’s where it has come from
That s an incredible waste right there.
It doesn't work like
Outstanding Beth Rigby, make her squirm. These people are utterly awful. She looks utterly lost.
This country is fucked
well said
Why so cynical?
by the tory party.
Be more optimistic
FYI, The Office for Budget Responsibility (OBR) has not backed up Rachel Reeve's claim of £22 billion black hole claim. So that was a lie
And people thought Labour would stop the cost of living crisis well done
No we just hoped. We knew they won’t but we just hoped cos Tories were running a monkey show with musical chairs. We knew we are voting for different monkeys but we just hoped it would be different.
No one with common sense thought that
Very well done Beth!!
our country is no longer a nice place to live
Or ours
Thus country is great why so any patriot? Another Brit hater 😂
I am proud to say that I didn't vote Labour
Never surrender. 🇬🇧✊
Facts it’s a absolute car crash
lol the tories destoryed ur country schools hospitals infastructure growth productivity ur country is a dump and ur angry with labour womp womp
proud to say that I did and this is the reason why. Real economics, realistic tax and spending ratios for an advanced economy and end to fantasy Tory tax and spending funded by massive borrowing we can never hope to pay off. This is exactly the budget Ken Clarke himself said the country needed and would make us much better off in the long term.
@@pipoo1completely agreed.
Just call her what she is, a liar
There all liers!
Scrap MPs £3500 winter fuel payments on 2nd homes.
I loathe Rigby with a passion, but it's good to see her take Reeves to task - someone needs to. Her arrogance puts previous Chancellors to shame.
perfunctory corporate legacy m$m clown show
And 8 MILLION a day for asylum hotels , cash cards and other benefits
How about billion on war ?
And all them sitting at home, because they are 'not well', who get benefits, free meals, gym passes and even brand new cars 😂
@@DarkCreedwhat about vets injured in conflict who can't work anymore?
@wiseget u should think before invaded countries. U can not cry now.
How about the bonus the politicians also get which is more than the average person’s yearly salary!
How about the housing, living, travel etc of the royal families?
A liar and a clown 🤡
Why for taxing the rich more?
Thank god we now have an nhs that still needs more money
But at leased has a bit more money
Reeves always speaks with no emotion.
Biggest increase in taxes ever,
Biggest increase in borrowing ever,
Biggest increase in spending ever,
No growth, no increase in GDP, broken promises, a failed budget
🥀 labour
@@Steve-uf8pk none of the above is actually true and Thatcher raised taxes massively in 1980. Worked out just fine for her Government. The borrowing is for infrastructure and the IMF has publicly backed them.
From a base of the highest tax levels and borrowing every already!
And we're going to see eye-watering energy bill rises chasing the green unicorn. I can't wait for people's money to run out and lay offs to begin. The smug Labour voters will be up a creek without a paddle then.
She won't get anything like £40 billion. This is a repeat of Dennis Healey.
He raised taxes to an alarming rate and wondered why tax revenues actually fell and unemployment soared. The wealthy simply left Britain and took their money, and jobs, with them.
It's what so-called liberal rich people do
I bet Brexit made more leave Britain than this budget will.
Thatcher raised taxes by even more and it led to a massive economic boom because like Reeves her Government gave the economy the kick it needed to get out of a years long economic rut. Ken Clarke himself said a few weeks back the country needed a budget like this if we were ever to have any hope of returning to kind of growth we were used to in the post war period.
@@pipoo1 Not with Labour in charge of it.
@@pipoo1 Complete and utter BS! Ken Clarke was, and still is, a financial moron.
Healey had the top rate of income tax at 95% (the Beatles recorded a song about it, "Taxman") and destroyed the economy. Thatcher invested in the country and got the economy going again, Reeves is simply fuelling inflation by giving massive pay rises to placate her Marxist Union bosses, giving billions to other countries for 'green energy' projects, letting Miliband waste billions more, and pouring further billions into the NHS, which will simply result in thousands more 'middle management' civil service jobs, like it has done every time before.
Who's gonna be dumb enough to believe that?
They are F-ing liars!
They can't keep blaming the tories
They are choosing the direction now and they will be held responsible
Starmer used to recite We have fully costed plans. Only fools believed him
Like he did the Rotherham ring 😂
Well done, Channel 4 and Beth, she is truly awesome. I loved it at the end, where she totally caught the Chancellor off guard and she started stuttering and sounding more desperate over the Gilt levels going up. Which they currently are as I type this. Keep holding them all to account, across all parties.
I'm going on holiday to France coming back on a inflatable boat and all will be good! Like an idiot I worked, paid my share, now I can retire and freeze to death in a dirty hovel with no hot water to wash my privates, feck I am so thankful to those who voted for Labour.
Instead of the holiday to France maybe pay your heating first
yep ...someone that paid 5 or 6 stamps ...on pension credit getting broadband , 5k dental treatemnt free , fuel bills paid .......
Because tories did a great job.... 😮 Country was in a shambles with them
That’s what I said to my mate 😎
@@jadeprice2655Tory gone sheep, we’re talking about the current 🤡
Labour lied
Dirty liar……sack her!
And pensioners can freeze, what a loathsome individual.
Interviewer did well to expose the lies in the manifesto.
What a horror show of a government they are ……and as for her well ..words fail me. Liar .
We are back to the 1970's with Denis Healey as chancellor - tax and spend - inflationary public sector wage awards and cozy public sector pensions left right and centre - the juice squeezed out of the private sector which is supposed to pay for all of this, and on top lay the golden eggs for future economic growth. I despair. All the smart money people will move abroad, the tax receipts will not materialise, unemployment will increase, and stagflation will abound.
I hope that those who voted these maniacs into power are thrilled beyond measure.
Why have we not invoked a loss of confidence Yet????
All of them OUT
is Reeves broken? 22 billion black hole, 22 billion black hole, 22 billion black hole
Is it just me but Reeves speaks like English isn't her first language, she is just like a robot!!!
@ exactly, reminds me of the total recall movie. Two weeks, two weeks 🤣🤣
Complaining about "inheriting" a black hole then destroys our inheritance through tax. Cheeky.
I grew up with a Labour government in the 70s and saw what thedid in the Brown and Blair years. I also researched Starmer and his Communist leanings before the election. I very proud to say i never voted for this lot. Whilst the Tories messed up massively it was still better than whats coming Sadly history is repeating itself
Whilst i agree mostly.. the tories had their chance and f'd it up too.
They are not the answer.
The 2 main parties have governed the country for over a hundred years
Neither labour or tories are going to solve anythingthey are the cause...
This is a con job
She is just repeating herself like a puppet. Reduce these MP salaries by 30% then watch the hole fill up without effecting any one. !!!
Beth Rigby 1:0 Rachel Reeves
She usually beats every politician she faces, nothing unusual to see here.
£22bn black hole and the first thing she does is spaff £10bn per annum more on public sector pay and £22bn on trying to clean fresh air
Bank of England economist? She couldn't manage the budge for the biscuit barrel.
A chancellor who promised honesty and doesn’t answer questions or gives false answers. #truelabour
She hates farmers
Yep and anyone with more than a fiver in their pocket…
Lies lies lies, it never changes for the better. I'm sick of all of them.
taxation =theft its absolutely ridiculous
Fair play to Beth Rigby. I always thought she was just anti tory. Actually she holds all of these cretins to account. I've gone from loathing her to loving her!
Yes me too but let’s be honest she isn’t a Labour supporter with her wealth
@@crispyduck1706Which has absolutely nothing to do with it.
She’s lying.
Criminal
This country is moving off a cliff, I am moving to Canada if Poilievre is elected as PM, as I luckily have dual citizenship, otherwise I am stuck in this shithole under Labour!
She needs to resign. Utter shambles
lol
I give it 5 months and then they will resign!
She only lies when her mouth moves
"Thieves" is untrustworthy and literally unbelievable from now and forever
So we as the people should have seen the state of the economy.... but they didn't and that's OK
she a lieing slapper ,
I wonder if I got on a boat without any documentation and sailed over the France, landed on the beach, how long would it take for me to get deported?
This woman got an accountant to do her tax form at a cost of £1225 and she put this on her expenses, I thought she used to work for the economist and a bank, is she thick maybe not because her and her husband have two properties that they rent out and at cost of over £6,000 per month while they live in no 11 disgusting.
How to crash an economy. But hey, at least the boys on the small boats will be looked after! 🤡
Like we were in a great place before this
Unlike the great Tory Truss.
@@DarkCreed Economy was improving under Sunak
@wiseget only victims are the people blinding by our hate for each other
@wiseget ?
Well done Beth
😂😂😂😂😂I
Getting into power based on deceit........
The country is in a spiral of persistent debt. We are paying over £120b a year on the debt interest alone. In any other setting, somebody who is consistently buried in debt and only able to afford to pay off part of the interest, but none of the actual debt, is on a one-way road to financial ruin.
Increasing borrowing is the single handed stupidest decision that anyone in government could make. We're going to end up in a situation before 2040 where our currency is going to need to be devalued because of the reckless decisions made by politicians - and for a country that relies on imports, that's going to hurt like hell in the future.
Where does all our money go? We are highly taxed, the government continues to borrow. Seriously, where does all our money go?
JUST ANSWER THE QUESTIONS !!! For goodness sake.
I am not going to vote Labour for ever. Crazy government. Investment and people are leaving UK.
Can't blame her she's right
That already happened under Cons government... Remember Brexit.
When they get to the next country they intend to leech from they should return their UK Passport to the Home Office. The country has far too many "hedge fund managers" (carpetbaggers) and Buy to Let "investors" (Slumlords).
Reeves out out out
She's even got the nerve to wear a poppy!
In October! I’m a veteran and detest these people turning commemoration into virtue-signaling narcissism.
Yes paid for by the British taxpayer
Labour was laughing there heads off today in parliament
Why not. They taxing the rich to fix our schools and hospitals.
Liar!
Stutter stutter blame others and deny
Is it too hard to find someone smart to run this country?
I have heard about this government blaming the previous one for several months and it seems they won’t stop in coming year.
Politicians should take a 50% pay to help the cause 🖕
Labour will lose the next election 😂😂 she’s off her rocker smh completely sold people a dream
Agree - how many MPs will they loose? Lie, win election, show true colors 😭
And back to that Tory hell hole? At least the money from this goes to our schools and hospitals, not the Tory pockets.
Maybe but the last government seems just as bad. No clue what the best alternate would be. Too many corrupt politicians.
@@DarkCreed every penny will go into the pockets of overpaid Consultants and GPs .......165K a year + 15% .......meanwhile pensioners on the basic state pension will be frezzing to death ...
@@DarkCreedcertainly not to people who can’t afford to keep warm.
Totally clueless- totally liebour! The taxpayers ae paying for these muppets!
What happened to fully costed?
Why are we paying for the mistakes in the post office scandal? Why isn’t Fujitsu paying that?
Why should the tax payer foot the bill for the Horizon scandal?
Where is this 22bn black hole, doesn't she mean 14bn, she has given 8bn to train drivers and more to NHS
The increases are mostly increased wages and bloating of the quangos. The money will just get fat catted off or go to gold plating of pensions. It won't get to the front line.
Labour are always a financial disaster except we can't afford yet another one. No growth, more debt spells doom.
Reeves is a disaster
Hosing money at the NSH? How many times has that been tried? If the bloody thing was any good why does no other country do health in the same way?
It does.... look up free universal health care its all over the e.u.
The NHS worked wonders back in 2010 before Cameron siphoned away its money...
@@misssocrates3442Almost all the economies of Europe ( particularly in the EU ) are stagnant. Broke. Hard up.
And cannot afford to provide decent health - care. Military - age 22 year olds from Mali, Afghanistan, or Syria being the exception.
Canada, Australia, & Japan all face various ‘issues’ ( as Americans like to call problems ) with their universal healthcare provision.
But they’re the only ones working well.
Lie after lie after lie. Does she think we are as stupid as her 😂
Note the jittered response to the gilt market comment. Great interview Beth.
Beth is brilliant!
the interviewer just took her soul
Worst than Liz truss
She’s talking total crap!
Previous government blame game ... Shut up
Liar liar
It clearly never occurred to her to spend less rather than draining the economy of even more revenue.
Spending doesn't drain the economy of revenue, it does the literal opposite. If somebody spends, somebody earns.
I agree, spending is a way of obtaining growth. As long as sending isn’t of the republican conservative type, that is, trickle down economics, which doesn’t work. It enriches the rich, yet, the poor and public services suffer.
@@WatersmithTV oh dear. Someone has been to the socialist school of economics. She’s hammering business which will cost jobs, hold wages down and limit investment. Wealth is created by business,s not government.
Extra Govt spending will not move the growth dial over a 5 year period. This will prove to be more borrowed money down the drain!
“The last government, The last government, The last government” 😖
This is a clasic labour example..
Rishi told us b4 the election no body believed him..
Now congratulations to those who voted these clowns..
I wouldn't let her be the banker in a game of Monopoly.
Spot on
she makes a cracking cup of tea
Liars cant answer direct questions !!
If that's the best automanon AI can produce, I suggest we go back to real humans.
So how many Billions are they giving to Ukraine!
£3bn to Ukraine and £2.9 to our MOD but reduction overall on our defence spend vs GDP
The community should agree with your point. The public should not suffer because of the war they do not have business with, but just because of their countries being the members of Nato? Which doesn't really make sense at all. No wonder many communities of the concerned Nato members are getting annoyed because it is their communities who suffer and struggle the most, while their countries' communities' money is being used for the wrong reasons 😮. Ukraine is not feeling any pinch of the struggle at all because each and every amount of money they need, Nato members, is making sure that Ukraine gets that amount, including the war materials. Which is one of the reasons why Ukraine is not going to even think of throwing the towel in the fighting ring, as they are still enjoying all the help they are getting from Nato 😄 😀. Not even a single soldier would like the war coming to an end, not when they are still earning that amount of money 😉 😀, not even knowing how long they are still going to be alive 😉. How long are those soldiers prepared to be without their spouses in those ugly, horrible places 😉? Only GOD knows 😉 what is happening on this planet, really. What a waste of time?
Vote Reform or suffer the consequences
Housing costs>benefit costs >refurbishments of places where they are housed ( telemcom house ) being one in Wolverhampton. Millions spent renovating into apartments.
Fresh food delivered everyday.
Driving licences
Money on their card for clothes
Mobile phone
Put through security courses
Pensioners who worked for us to live the way we are... NOTHING
This is what labour do. EVERY TIME. DO NOT FORGET AND NEVER VOTE FOR THESE CRIMINALS AGAIN
just listen to how many times the £22billion is mentioned in this interview by Reeves
The previous government, blah, blah, blah,
Avoiding questions like the plague same old bollocks
Last time labour was in opposition for 14 years, with this budget they are getting ready for ‘40’ years opposition role.
The battle of the bob
8million a day for these boat criminals comining to our country what a disgrace
lying , this was all known before they released the manifesto