Budget: Rachel Reeves faces day of reckoning as she unveils billions in tax rises
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Budget: Rachel Reeves faces day of reckoning as she unveils billions in tax rises
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"Judgement day looms for Rachel Reeves and Sir Keir Starmer as the chancellor will unveil her long-awaited Budget on Wednesday, after months of speculation about what her statement could mean for voters' wallets. Ms Reeves is expected to unveil a smorgasbord' of tax rises as she looks to plug the gap in the country's finances worth billions, after an apparent government U-turn on the idea of bringing in an increase to income tax."
Judgement day looms for Rachel Reeves and Sir Keir Starmer as the chancellor will unveil her long-awaited Budget on Wednesday. Ms Reeves is expected to unveil a 'smorgasbord' of tax rises to plug a multibillion-pound gap after an apparent government U-turn on raising income tax. Ministers announced two tax changes: expansion of the soft drinks industry levy to cover packaged milkshakes and lattes, and new powers for mayors in England to impose a modest tourist tax on overnight visitors. Minimum wage rates will rise next year to £12.71 for adults aged 21 and over, and £10.85 for 18-20 year olds.
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