RE: October 2024 Sale Lloyds Banking Group was £6 now 61p17 Oct 2024 14:18
Discord at №10 the cabinet revolt.
“It’s not just the business world and jittery investors spooked by Reeves’ Halloween budget and that ever-expanding, meaningless ‘black hole’. Bloomberg’s Alex Wickham reports that several cabinet ministers have penned a letter to Sir Keir warning against any upcoming spending cuts. Leading the charge of the cabinet revolt is none other than Deputy PM Angela Rayner, with Steve Reed, Shabana Mahmood, and Louise Haigh among those who’ve signed the warning memo.
Hardly a ringing endorsement of a united front in the Cabinet. Meanwhile, Reeves reportedly has her sights set on squeezing £35 billion from tax hikes – including a “several percentage point” rise in capital gains tax on share and asset sales. It’s expected spending cuts will scrape together around £5 billion in savings. All makes for a horrifying Halloween Eve.”
Note, they are not ‘up in arms’ about increased taxes. Only about spending cuts, where all their mates are employed.