UK budget 2024: Labour to announce tax rises – live updates

Britain's new government unveils its long-awaited fiscal plan.

Oct 30, 2024 - 05:00

Happy budget day!

Labour’s first tax-and-spend statement for 15 years kicks off at 12.30 p.m., as British Chancellor Rachel Reeves unveils a host of “tough choices” and tries to turn around the British economy — not to mention the new government’s dire poll numbers.

Follow all the action with the POLITICO team here through Wednesday.

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