Reported 27 days ago
Chancellor of the Exchequer Rachel Reeves has announced £40 billion in tax increases and increased borrowing in her first budget, aiming to address Labour's promise to rebuild the UK despite potential voter disappointment. This budget marks a historic postwar tax burden, targeting businesses and the wealthy, while also revealing Labour's challenges inherited from the Conservative government. Critics have raised concerns over rising costs and the impact on public services, as Reeves navigates the political landscape in the wake of a significant economic situation.
Source: YAHOO