Britain's new finance minister, Rachel Reeves, has unveiled what could be the biggest tax rises in three decades, in a bid to fix the country's crumbling public services. It also revealed plans for billions of pounds of additional borrowing to overhaul the British economy.
The Labor government is betting that its first budget after 14 years of Conservative rule will be able to finance its campaign pledges without wreaking havoc on the bond market that toppled former prime minister Liz Truss in 2022.
Labor promised voters it would work to reduce long waiting lists at state-run health services, build more housing, and improve schools.
