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Nation is hit by tax 'rises' as Labour sets out its plan
Yorkshire Evening Post
|November 29, 2025
The big story of the last seven days
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Chancellor Rachel Reeves has delivered her second Budget, laying out a series of tax rises as she aims to fill a black hole in the public finances.
Leeds MP Ms Reeves announced tax rises amounting to £26 billion as she battles a downgrade in forecast economic growth.
More than 1.7 million people will face paying more income tax as she froze thresholds, meaning people will be dragged into paying the tax for the first time or shifted into higher bands as earnings increase.
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