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    Latest News - News Briefing

    Trending – Chancellor defends tax rises and promises there won’t be any more 

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    By News Desk on November 26, 2024 News Briefing, Politics, UK News
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    Where News Briefing, Politics, UK News

    Media Coverage

    The political stories lead most of the UK front pages and continue to be discussed on social media.

    A handful of tabloids lead on showbiz news instead – and the story isn’t prominent on their websites.

    Trending – Chancellor defends tax rises and promises there won’t be any more 

    Chancellor Rachel Reeves has been braided ‘defiant’ this morning after she defended her October Budget that businesses are still complaining about. Speaking at the CBI annual conference yesterday she told sceptical corporate leaders she had no alternative to the £40bn increase in taxes. 

    Despite backlash from business leaders, who claim the budget means it will be harder for them to hire new staff and has also made Britain less attractive to invest it, the chancellor doubled down on her fiscal choices, telling the conference she had no regrets. 

    Amid the budget talk comes news of the prime minister’s plans to get people back into work. His measures have been praised – with cultural and sporting institutions such as the Premier League and Channel 4 joining a government scheme to teach young people skills. But some media – in print and online – are not happy the prime minister hasn’t tackled those claiming sickness benefits. 

    Basic facts

    • Chancellor spoke at CBI conference yesterday
    • She doubled down on her budget and said she had no choice
    • She also confirmed there will be no additional tax rises over the next four years 
    • Chancellor said she had no regrets over her fiscal choices 
    • Businesses warn Britain is less attractive to investments 
    • PM Starmer announces plans to get people back into work/ education 

    The reaction

    The traditional right-leaning schools of thought pick up on the ongoing reactions from businesses around the chancellor’s budget. These headlines and stories report that businesses say they are being ‘milked’ and that they will be less likely to hire new staff and the tax rises make Britain less attractive for investment. 

    The left-leaning press report picks up on the chancellor’s pledge that there will be no more tax rises for the duration of this parliament meaning, as one publication puts it, that public spending cuts will be introduced from 2026. 

    Other publications celebrate the prime minister’s plans to get people – including young people – back into work with big-name institutions such as the Premier League joining the scheme. 

    But some of the more traditional right-leaning press express disappointment that the measures don’t include a ‘crackdown’ on sick benefits which the publications sum up as another ‘blow to businesses.’ 

    The front pages

    CITY AM - Biscuit boss dunks on UK
    Reeves battered by business bosses but refuses to back down - The Independent
    Labour makes pledge to ensure no young person is left behind - The Guardian

    What are users saying on Twitter/X?

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