UK Budget Targets High Earners With Major Tax Overhaul as Reeves Rejects Austerity

UK Chancellor Rachel Reeves used her November 26, 2025 Budget to introduce one of the most significant tax shifts in over a decade, a package designed to raise £26 billion by the end of the decade without increasing headline income tax, NICs or VAT. source: https://www.ethnews.com/uk-budget-targets-high-earners-with-major-tax-overhaul-as-reeves-rejects-austerity/