Reeves Delivers Budget with Tax Increases and Reforms

Rachel Reeves delivered the UK's first budget by a female Chancellor, emphasizing public sector investment and avoiding austerity. Significant tax increases amounting to £40 billion were announced to address a £22 billion deficit, while maintaining a freeze on fuel duties, sparking criticism from environmental groups. Changes in the Winter Fuel Payment mean not all pensioners will benefit equally from the state pension increase. The budget pledges investment in infrastructure projects like HS2 and school rebuilding, while critics argue it burdens the private sector with tax hikes, including increased National Insurance. Despite these measures, Reeves focused on responsible leadership and economic stability, aiming for a fairer society and stronger economy for future generations.