Economy Politics Country 2025-11-27T07:20:57+00:00

UK Finance Minister presents budget with tax increases

UK Finance Minister Rachel Reeves unveiled a budget including tax hikes for employees, pensioners, and investors to meet borrowing targets.


UK Finance Minister presents budget with tax increases

British Finance Minister Rachel Reeves presented a budget to parliament on Wednesday that involves cutting taxes for employees and savers seeking a pension, as well as for investors. This move aims to increase the chances of achieving borrowing goals. The finance ministry plans to raise additional revenue from those pursuing retirement savings and from investors. These measures will allow the government to better focus on its borrowing objectives.