labour government

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 ·