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Nov 27, 2025

A tax-raising budget for the U.K.

From the BBC World Service: On Wednesday, U.K. Finance Minister Rachel Reeves outlined a series of tax hikes. We’ll unpack.

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The U.K.'s Finance Minister, Rachel Reeves, poses with the red Budget Box as she leaves 11 Downing Street on Wednesday.
The U.K.'s Finance Minister, Rachel Reeves, poses with the red Budget Box as she leaves 11 Downing Street on Wednesday.
Henry Nicholls/AFP via Getty Images

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