Chancellor announces increases in taxation for businesses and the wealthy, and more money for the NHS and schools
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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.
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