Reeves creating a 'tax doom loop' to see UK households worse off

KEMI Badenoch will today accuse Rachel Reeves of presiding over a “tax doom loop” leaving working households £1,700 worse off.

- By Martyn Brown Political Editor

The Conservative leader will warn that the Chancellor's policies are making the cost of living worse and that Britons face punishing tax rises in the autumn budget.

She will use a major speech to deliver a warning that the deficit — the difference between government revenue and spending — is set to double from £16.3 billion to over £32 billion in the next five years.

She will challenge Sir Keir Starmer to work with her to bring down the UK’s £300 billion welfare bill “in the national interest”.

Debt

The Tory leader will reiterate her pledge to recommit to the Two Child Benefit cap — the only party to do so — but argue that Britain must live within its means and stop saddling future generations with debt.