UK Budget 2025 LIVE: UK Finance Minister Rachel Reeves Outlines Tax and Spending Changes | N18G

Описание: British finance minister Rachel Reeves is likely to announce tens of billions of pounds of new tax increases on Wednesday in a budget that puts her credibility on the line both with bond investors and with lawmakers demanding more welfare spending. Little more than a year after ordering 40 billion pounds ($52.7 billion) of tax hikes - the biggest since the 1990s and which she promised would be a one-off - Reeves has been forced to look at further revenue-raising measures due to an expected downgrade of Britain's economic prospects and higher debt costs. Reeves said in her first budget last year that she was returning stability to the public finances after the shocks delivered by Brexit, the coronavirus pandemic and the "mini-budget" crisis of former Conservative Prime Minister Liz Truss.

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