Budget leak shock: UK's Treasury chief Reeves unveils tax plan in Parliament; Labour braces for political fallout - The Times of India

Budget leak shock: UK's Treasury chief Reeves unveils tax plan in Parliament; Labour braces for political fallout - The Times of India

Britain's Treasury chief Rachel Reeves delivered a tax-raising budget following a major leak from the Office for Budget Responsibility. The proposals include freezing tax thresholds, a mansion tax, and changes to capital tax and pension allowances, aiming to raise £26 billion. This budget faces scrutiny amid economic struggles and political pressure on the Labour government.