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The Independent UK
The Independent UK
Via AP news wire

More spending and tax hikes expected in the first budget from Britain's Labour government

Rachel Reeves Britain British Treasury Economy Labour Party
Britain Politics - (2024 Getty Images)

British Treasury chief Rachel Reeves will deliver her first budget in Parliament on Wednesday, a tightrope act that aims to find billions for investment through borrowing and tax hikes without roiling businesses or raising taxes on working people.

It’s the first budget by a Labour Party government in almost 15 years, and the first ever delivered by a female finance minister.

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