U.K. joins Europe in targeting the super-rich with fresh crackdown on foreign wealth, capital gains, and private jets

rachel reeves (Credit: Leon Neal—Getty Images)

U.K. Chancellor of the Exchequer Rachel Reeves delivered the widely anticipated Autumn Budget, setting out her lofty investment aims and a historic £40 billion increase in taxes. 

Reeves, who blamed her predecessors for passing on a “broken” public finance system, said the Labour Party’s first budget in 14 years will mark “an end to short-termism.”