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Rachel Reeves claims £66bn tax raid made UK 'stronger'

Summary by City AM
Rachel Reeves has launched a defence over her two tax-heavy Budgets, claiming they enabled a “stronger fiscal buffer” and shifted the “tax system towards rewarding work”. In her first major speech since been ousted as Chancellor, Reeves said she made “difficult choices” that were “not without controversy” but defended them as helping end the UK’s [...]

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City AM broke the news in London, United Kingdom on Tuesday, November 3, 2026.
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