Rachel Reeves, the Chancellor, announced a £26bn pakcage of tax rises in her latest Budget, stating that "ordinary people" would contribute more, while stressing that those "with the broadest shoulders" would bear the largest burden.

• The Budget includes extending a freeze on tax thresholds for an additional three years, dragging millions more into higher tax brackets.
• Key tax increases include an annual charge of £2,500 for properties valued over £2m, new taxes on electric and hybrid cars (3p per mile and 1.5p per mile respectively), and an increase in online betting duty from 15% to 25%.
• The Office for Budget Responsibility (OBR) noted that the tax increases would bring the UK's tax take to an all-time high of 38% of national income by 2030-31 and also expects slower economic growth.