Budget 2024: Reeves reveals £40bn in tax rises as she promises to rebuild public services
Chancellor announces increases in taxation for businesses and the wealthy, and more money for the NHS and schools
Rachel Reeves has announced £40bn of tax rises on businesses and the rich as Labour’s first budget in 14 years sought to reverse more than a decade of decline in Britain’s public services.
After months of speculation since the party’s general election landslide victory, the chancellor revealed a sweeping package of tax increases she said would be vital to balance the books and turn the page on austerity.
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