Taxes

Britain's Chancellor of the Exchequer Rachel Reeves poses with the red budget box outside her office on Downing Street in London

UK’s Labour government hikes taxes in first budget

  • Reeves said £25 billion would come from hiking employers’ national insurance — a payrolls tax used to help pay for social care
  • Changes to inheritance tax will raise more than £2 billion while the government is also hiking taxation on capital gains and property purchases
By AFP ·