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Labour’s first budget: redistribution away from the rich after over a decade of Conservative rule

By Martin Smith, Anniversary Professor of Politics, University of York
Dave Richards, Professor of Public Policy, University of Manchester
Sam Warner, Lecturer in Politics, University of Bristol

Labour’s first budget in 14 years appears to have avoided the Halloween nightmares that many predicted. Yes, the overall tax burden is at its highest level since 1948, but this budget’s tax and spend distribution is such that it spreads both the pain and the benefit. Most of the…

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