Budget 2024: Reeves reveals £40bn in tax rises as she promises to rebuild public services

Increases in taxation for businesses and the wealthy form the heart of Labour’s first budget in 15 years

• Autumn budget live: latest news updates
• Budget 2024: key points at a glance

Rachel Reeves has announced £40bn of tax rises on businesses and the rich as Labour’s first budget in 15 years sought to reverse more than a decade of decline in Britain’s public services.

After months of speculation since the party’s general election landslide victory, the chancellor revealed a sweeping package of tax increases she said would be vital to balance the books and turn the page on austerity.

Continue reading...