News · 29 November 2025
UK budget targets wealthy to fund services
Chancellor Rachel Reeves has defended her recent budget as a necessary measure to rebuild Britain's deteriorating public services, arguing that wealthy individuals should bear the economic burden. In a Guardian interview, she dismissed criticism of her £26 billion tax increase, stating the burden falls on those with significant incomes and assets, not age groups. The budget includes income tax threshold freezes and various wealth-targeting measures as Labour seeks to address public finance challenges while avoiding cuts to services.
Reported by Guardian · How we write briefs