By Kate Holton and Elizabeth Piper, Reuters
Photo: AFP / House of Commons
Analysis: Rachel Reeves may have placated the bond market with her budget on Wednesday (UK time) but higher taxes for Britons on everything from milkshakes to electrical vehicles are unlikely to lift the gloom around the country, or her party, any time soon.
UK finance minister Reeves announced more than Β£26 billion pounds (NZ$60 billion) in tax rises, on top of the Β£40b she raised last year, prompting the official budget forecaster to warn of a large hit to growth in living standards.
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