Reeves insists Budget tax hike on working people kept at a 'minimum’

Evening Standard

Chancellor Rachel Reeves speaks to BBC Breakfast following her Budget which raised taxes by £26 billion.The Chancellor insisted the burden of her tax hikes borne by ordinary people was kept at 'a minimum'.

Transcript

00:00well I recognize that freezing thresholds does mean that we're asking ordinary people to

00:12contribute a bit more that's happening from 2028 those are the changes we made yesterday but I've

00:20kept the contribution to a minimum by changes elsewhere so asking online gambling companies

00:26to pay more people in properties worth more than two million pounds to pay a bit more if you get

00:32your income from dividends or renting out property that you'll pay a bit more and because of that and

00:39also because of the further efficiencies we announced yesterday in government spending I've

00:44managed to keep that to a minimum but I do recognize that freezing the thresholds as has happened for the

00:51last few years does have an impact on working people I'm not seeking to deny that but I believe

00:57I made the fair and the necessary choices yesterday

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