Badenoch Warns of Worse Budget Ahead of Healey's First Statement
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John Healey is the UK's new chancellor. He will give his first budget next week.
A budget is a plan for money. It says how the government will spend money.
Kemi Badenoch is the leader of the Conservative party. She will give a speech today.
Badenoch says Healey's budget will be worse than the last one. The last budget was from Rachel Reeves.
Badenoch says this will happen if Healey does not cut spending. Cutting spending means spending less money.
There is also new news about tax. Treasury sources say Healey will not raise capital gains tax.
Capital gains tax is money people pay when they sell things like houses or shares for a profit.
People are waiting to see what will be in the new budget next week.
Vocabulary7 words
- chancellor
- the government minister in charge of money
- budget
- a plan that shows how money will be spent
- Conservative
- the name of a political party in the UK
- Treasury
- the government department that manages money
- capital gains tax
- money paid to the government when you sell something for more than you paid
- spending
- money that is used or paid out
- opposition
- the political party that is not in government
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Quiz
Answer key
1. John Healey 2. Cut spending 3. No
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
John Healey is the UK's new _____. He will give his first _____ next week.
A budget is a plan for money. It says how the government will _____ money.
Kemi Badenoch is the leader of the _____ party. She will give a speech today.
Badenoch says Healey's budget will be _____ than the last one.
Badenoch says this will happen if Healey does not _____ spending.
There is also new news about _____. Treasury sources say Healey will not raise capital gains tax.
Capital gains tax is money people pay when they sell things like houses or _____ for a profit.
People are waiting to see what will be in the new budget next _____.
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