Britain's new finance minister, Rachel Reeves, has announced the largest tax increases in thirty years during her first budget presentation.

This significant fiscal move is a response to the previous Conservative government's impact on public services. The budget outlines a comprehensive strategy to address the country's financial challenges, with a focus on restoring funding to essential services. Reeves stressed the importance of these tax hikes in ensuring the sustainability and improvement of public sector operations, representing a significant change in the government's economic approach.