Budget is broken promise after broken promise & working Brits will pay, Rishi slams after Reeves’ £40BILLION tax raid

RACHEL Reeves’ Budget is a tax trap of “broken promises” that will leave working Brits footing the bill, Rishi Sunak has blasted.

The Tory leader also warned the new changes are a growth killer set to drag Britain’s economy to a crawl.

AFP

His comments came as he responded to the Chancellor’s address in what was his final appearance on the frontbenches.

Ms Reeves used the first Labour Budget in almost 15 years to raise eye-watering sums from bosses, smokers and drinkers.

The Halloween package included a raft of treats – including a freeze to fuel duty, a cut to pub beer prices, and hikes in the minimum wage and state pension.

But it also imposes £40bn of tricky tax hikes Ms Reeves claimed were needed to fund a spending spree on services like the NHS.

An animated Mr Sunak said: “On the day that he took office, the Prime Minister said that he wanted to restore trust to British politics with action, not words.

“Well today, his actions speak for themselves, with a budget that contains broken promise after broken promise.”

He went on: “They don’t like it, but this is the truth. They have fiddled the figures. They have raised tax to record levels. They have broken their promises, and it is the working people of this country that are going to pay the price now.”

Warning the Budget will leave Britain’s growth in tatters, Mr Sunak added: “Despite these record-breaking tax rises, despite fiddling the figures, despite letting borrowing soar, today, the OBR has forecast growth is going to be lower under this Government than it was forecast to be a the Conservatives.”

WATCH RACHEL REEVES ON NEVER MIND THE BALLOTS

By Ryan Sabey, Deputy Political Editor

RACHEL Reeves will be grilled in a special Budget edition of The Sun’s Never Mind The Ballots show today.

Our Political Editor Harry Cole will put the Chancellor on the spot shortly after she’s finished delivering her crucial address in the House of Commons.

It will be available to watch on thesun.co.uk, YouTube and Sun social channels at 5.30pm.

Topics will include her decision on whether to spare motorists a fuel duty rise, and the expected eye-watering tax rises she will impose.

Since its launch earlier this year, NMTB has cemented its place at the heart of British politics.

During the General Election campaign The Sun was the only print publisher to host back-to-back grillings of Rishi Sunak and Sir Keir Starmer.

Footage from The Election Showdown has been viewed over 15 million times.

NMTB has also featured interviews with ex-PMs Boris Johnson and Liz Truss, as well as senior politicians Nigel Farage, James Cleverly, Wes Streeting, Steve Reed and Bridget Phillipson.

Ms Reeves said: “I am keeping every single promise on tax that I made in our manifesto.

“So there will be no extension of the freeze in income tax and National Insurance thresholds beyond the decisions of the previous government.

“From 2028-29, personal tax thresholds will be uprated in line with inflation once again.

“When it comes to choices on tax, this government chooses to protect working people every single time.”

In a huge win for The Sun’s Keep It Down campaign, the Chancellor added:  “At a time when the fiscal position is so difficult, I have to be frank with the house that this is a substantial commitment to make.

“I have concluded that in these difficult circumstances while the cost of living remains high and with a backdrop of global uncertainty increasing fuel duty next year would be the wrong choice for working people.

“So, I have today decided to freeze fuel duty next year and I will maintain the existing 5p cut for another year, too.

“There will be no higher taxes at the petrol pumps next year.”