Newspaper headlines: 'High welfare, high tax' and 'Budget goes as billed'

Newspaper headlines: 'High welfare, high tax' and 'Budget goes as billed'

The recent Budget delivered by Chancellor Rachel Reeves has dominated the front pages of UK newspapers, with widespread analysis of the new tax and spending plans she presented in the Commons. The Times characterized the Budget as embodying “High welfare, high tax,” highlighting that Reeves intends to raise taxes to levels unprecedented in history. According to the paper, projections estimate that by 2030, one in four taxpayers—about 10.6 million people—will fall into the higher or additional-rate tax brackets. The Office for Budget Responsibility (OBR) forecast included in the coverage warns that these tax increases could negatively impact living standards and potentially restrict economic growth.

Several outlets focused on the financial implications and political fallout of the Budget. The Metro’s headline bluntly stated, “Budget goes as billed… you’re paying!” and emphasized that despite previous commitments, working individuals face an

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