UK's Treasury Chief Set to Raise Taxes Once Again in Her Second Budget

Contributing sentiments towards policy:

57% : Other potential changes include a mansion tax on high-valued properties, changes to the capital tax regime and the generous provisions for private pensions.
53% : That budget, she had insisted, would be the one and only big tax-raising budget in this parliamentary term, which is due to run to 2029.
49% : Meanwhile, Reeves has a bunch of spending commitments, including making up for a series of about-turns on planned welfare cuts and the likely ditching of a cap on benefits paid out to children from larger families.
44% : With a manifesto-busting, but simple, increase in income tax seemingly ruled out despite weeks of frenzied speculation, Reeves will likely have to raise money from smaller, and more fiddly, taxes.
43% : Measures such as freezing rail fares, or cutting green taxes on energy bills, don't come cheap.
42% : Treasury chief Rachel Reeves, the first woman to hold the post of Chancellor of the Exchequer, is set to tell lawmakers that more tax-raising measures are necessary to plug a hole in the public finances.
41% : The U.K. bears the extra burden of Brexit, which has knocked billions off the economy since the country left the European Union in 2020.
38% : That's a lot of lost activity -- and a lot of lost tax revenue going into the Treasury's coffers.
37% : Unfortunately for Reeves, the British economy, the world's sixth-largest, is not doing as well as she hoped, with many critics blaming her decision last year to slap taxes on business.
36% : The main measure anticipated is a further freeze in the levels at which individuals pay Britain's different tax levels, meaning as wages rise more people fall into higher tax brackets.

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