Rachel Reeves Faces Criticism Over Tax Hikes in New Budget

UK Chancellor Rachel Reeves is under fire for her new budget, which introduces tax hikes and has sparked debate about growth prospects. Critics argue that the plan lacks pro-growth measures, impacting both income and business investments. While the government seeks to tighten fiscal policy through higher taxes on energy businesses and individuals, opposition parties are calling for revisions. This stance raises concerns about Britain’s economic outlook. Despite the budget’s proposals, there hasn’t been any noticeable impact on cryptocurrency markets. The lack of comments from major crypto industry figures indicates a neutral market response. The long-term consequences of these policies remain unclear, and observers will need to analyze their effects on global markets.