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British Finance Minister Rachel Reeves Announces £40bn Tax Hike To Stabilize Economy | RJR News - Jamaican News Online
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British Finance Minister Rachel Reeves announces £40bn tax hike to stabilize economy

British Finance Minister Rachel Reeves has delivered Labour's first budget since 2010, after the party's return to power in July's general election.

She announced tax rises worth £40bn, which she argued would rebuild public services and stabilise the public finances.

Her biggest cash commitment was an additional £32.5bn for the country's National Health Service, which has seen waiting lists rise to record levels in the wake of the coronavirus pandemic.



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