Rishi Sunak’s budget ‘hammers’ working people while giving banks a tax cut, says Labour – UK politics live. Latest updates: shadow chancellor Rachel Reeves says Resolution Foundation report shows this is an ‘out-of-touch, high-tax, low-growth budget’IFS predicts ‘real pain’ for low-income householdsRishi Sunak defends halving domestic flight duties ahead of Cop26Household tax bills ‘to rise on average by £3,000 by 2027’Budget calculator: what does it mean for you?Coronavirus: latest global updatesResponding to the Resolution Foundation report this morning, the shadow chancellor, Rachel Reeves, has said:Revelations from yesterday’s budget that taxes will be £3,000 more per household than when Boris Johnson became prime minister are staggering.This is a budget hammering working people, while giving banks a tax cut.If he is to achieve the ambition he set out at the end of his speech to get taxes down and reduce the size of the state, then he is going to have… https://ift.tt/3pQrPhN

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