Good morning. Yesterday, Rachel Reeves finally delivered her long-trailed budget aimed at plugging a £20bn financial hole in government finances. The single biggest tax raising measure was a three-year freeze on income tax and national insurance thresholds, slightly longer than expected, to draw more people into a higher tax band. Head here for a full breakdown, here to figure out how you will be impacted, and make sure you read our expert panel’s take on if Reeves’s measures all add up.
But amid the budget buzz, today’s newsletter is about another massive issue facing our cash-strapped government. It’s been a cornerstone of British democracy since the 13th century and is even included in the Magna Carta, and yet, this government could soon come close to scrapping the right to trial by jury.
