Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
National
Heather Stewart and Jessica Elgot

Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget

Rachel Reeves, the chancellor, displays the red budget briefcase to the media in Downing Street
Rachel Reeves, the chancellor, displays the red budget briefcase to the media in Downing Street. Photograph: Tejas Sandhu/SOPA Images/Shutterstock

Rachel Reeves targeted Britain’s wealthiest households with a £26bn tax-raising budget to fund scrapping the two-child benefit policy and cutting energy bills.

On a chaotic day that involved key details of her budget accidentally being released early by the Office for Budget Responsibility (OBR), the chancellor defended the measures, saying she was “asking everyone to make a contribution to repair the public finances”, but that she wanted the wealthiest to pay the most.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.