Reeves revealed a historic tax increase, aiming to fix public finances and restore services
Chancellor Rachel Reeves has announced a £40 billion tax increase in the first Labour budget since 2010
The budget aims to address a significant "black hole" in public finances left by the Conservatives
Key measures include a £25 billion increase in employers' national insurance contributions and hikes in capital gains tax and tobacco duty
The budget also outlines an increase in the stamp duty surcharge for second homes and the soft drinks industry levy, while maintaining a freeze on fuel duty
Improvements in the carers allowance and a commitment to invest over £5 billion in housing and infrastructure are included
