By protecting the pay packets of working people and front-loading massive spending plans, funded by the wealthy and business, Labour hopes that towards the end of this parliament, they can say it has helped its core voters and improved Britain.

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UK's Reeves bets big on tax-and-spend to reset economy

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

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Chris Mason: A change-making Budget and a moment of jeopardy

Chancellor Rachel Reeves said she was ‘fixing the foundations of our economy’ but taxes will rise to their highest levels since the Second World War.

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Evgeny Lebedev

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Taxes, borrowing and spending up in Rachel Reeves’ first Budget

British finance minister Rachel Reeves' first budget marks a huge gamble that she can quickly rebuild the country with the tens of billions of pounds she has raised in taxes, and withstand the anger of businesses charged with funding it.

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British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.

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Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

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She has defended the drastic action so the Government can ‘invest, invest, invest’ in the UK

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Budget: Rachel Reeves gambles billions on RED with tax rises to 'rebuild Britain'

LONDON -- British Treasury chief Rachel Reeves raised taxes Wednesday by around 40 billion pounds (US$52 billion) to plug a hole she claims to have identified in the public finances and fund the U.K.'s cash-starved public services, in a beefy budget that could set the political tone for years to come.

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New U.K. Labour government's first budget sees rise in taxes, spending and borrowing

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Budget: Feeling blindsided? Chancellor's hefty tax and spending plans are a huge gamble

LONDON (AP) — British Treasury chief Rachel Reeves told lawmakers Wednesday that taxes will rise by 40 billion pounds ($52 billion) to plug a hole in the public finances and provide new funding for the U.K.

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LONDON (AP) — British Treasury chief Rachel Reeves raised taxes Wednesday by around 40 billion pounds ($52 billion) to plug a hole she claims to have identified in the public finances and fund the U.K.

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Budget: Feeling blindsided? Chancellor's hefty tax and spending plans are a huge gamble

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