Chancellor Rachel Reeves has unveiled a budget seen as breaking her no-tax-hike pledge, while reaffirming plans to raise defense spending
The UK government has announced £26 billion ($34.4 billion) in tax hikes that will see record tax levels for much of the population, while reaffirming its intention to ramp up military spending.
Chancellor Rachel Reeves unveiled a new budget on Wednesday that freezes income tax and National Insurance thresholds until 2031, meaning wage rises will push around 1.7 million people into higher tax brackets.
The budget also cuts tax relief and savings benefits while raising taxes on investments and introducing new…
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