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The UK’s first feminine chancellor Rachel Reeves has introduced tax hikes that can increase an eye-watering £40bn in her historic Budget.
Increases to employers’ nationwide insurance coverage contributions, stamp responsibility on second houses, and scrapping the VAT exemption of personal faculty charges have all been confirmed, as nicely as a brand new responsibility on vaping and e-cigarettes.
In regards to spending, Reeves promised to speculate the cash raised into “fixing public services” – together with large investments into the NHS, constructing extra houses, and lengthening HS2 to London Euston.
The Independent takes a better take a look at the important thing takeaways from the historic funds on Wednesday (30 October).
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