‘Labour Are INSANE' | Two-Child Benefit Cap Scrapped And Taxes Hiked In Rachel Reeves Budget

Rachel Reeves unveils a budget that scraps the two-child benefit cap and introduces several major tax and spending changes, after an OBR forecast is accidentally published early. The plan keeps income tax thresholds frozen in England for three more years, confirms a new mileage-based charge for electric vehicles, and keeps the 5p fuel duty cut in place until September 2026 before phasing it out. From April 2029, salary-sacrificed pension contributions above £2,000 per year lose their National Insurance exemption, while Scotland receives an extra £820m alongside funding for three projects. The move to end the two-child limit, expected to cost up to £3.5bn, is welcomed by those calling for stronger action on child poverty, with estimates suggesting the change lifts hundreds of thousands of children out of hardship. Ian Collins interviews ‘CEO for The Taxpayers Alliance’, John O’Connell. Have you got a story? Email [email protected] Click here for more from Talk https://talk.tv If you need any help visit: https://talk.tv/helplines Subscribe on YouTube: https://www.youtube.com/talktv?sub_co...