31 Oct 2024

UK: Labour unveils its first Budget in 14 years

From Nine To Noon, 9:45 am on 31 October 2024
Britain's Chancellor of the Exchequer Rachel Reeves presents the annual budget statement in the House of Commons in London on October 30, 2024.

Rachel Reeves delivered her first Budget - with big increases to taxes. Photo: UK Parliament handout

UK correspondent Lara Spirit breaks down what's in new Chancellor Rachel Reeves' first Budget, which included a £40bn package of tax increases to fund the NHS.

She looks at where they've been directed and where the extra revenue's intended to be spent.

Lara Spirit is a reporter for The Times Red Box, where she covers politics from Westminster.