Kemi Criticizes Reeves’s Budget Following OBR Leak

Kemi Badenoch has criticized the recent Budget announcement by Rachel Reeves, labeling it a “total humiliation.” This comment followed a significant leak from the Office for Budget Responsibility (OBR) that disrupted Reeves’s presentation. Badenoch expressed disappointment with the lack of growth and planning in the proposal, addressing the Chancellor directly.

Key Budget Changes Announced by Rachel Reeves

During her announcement, Rachel Reeves detailed several notable changes:

• A new levy will be imposed on properties valued at over £2 million.
• Income tax thresholds will remain frozen for an additional three years, extending until 2028.
• The two-child benefit cap will be lifted, allowing for increased financial support.

Economic Growth Projections

The OBR has revised the economic growth forecast for this year to 1.5 percent of GDP. This adjustment comes at a time when many are voicing concerns about fiscal policies and their implications for the economy.

Reeves’s budget announcements were significant, yet they were overshadowed by the circumstances surrounding the leak. The fallout from this incident could have lasting impacts on public perception and political dynamics.