Britons face tax rises after Reeves' budget

發佈日期: 2025-11-26 23:20
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The UK's Chancellor of the Exchequer has unveiled a Budget which will likely see more Britons pay extra tax.

Rachel Reeves left number 11 Downing Street displaying the Red Box which contained details, some of which were already known.

Then more became apparent when the Office for Budget Responsibility mistakenly leaked further information stealing the Chancellor's thunder in what the organisation called "a technical error."

Income tax thresholds are frozen for three years but, as wages rise, more will fall into higher brackets. 

Other measures include a "mansion tax" on properties worth over two million pounds and a cut to tax-free provisions for private pensions.

Reeves says the contrast from the Conservatives is clear: "These are my choices. Not austerity, not borrowing, not turning a blind eye to unfairness.My choices are a Budget for fair taxes, strong public services and a stable economy."

"Boosting trade not blocking it, by increasing investment not cutting it, by championing innovation not stifling it, by backing working people not making them poorer"

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