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The Independent UK
The Independent UK
Athena Stavrou,Kate Devlin and Harriette Boucher

Budget 2025 live: Rachel Reeves faces day of reckoning as she unveils billions in tax rises

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.

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