UK Labour raises taxes by most since 1993
LONDON, Oct 30 (Australian Associated Press) – Britain’s new finance minister Rachel Reeves announced the biggest tax increases in three decades in her first budget, as she accused the Conservatives of leaving public services broken when they lost July’s election after 14 years in power. Reeves said she would raise taxes by 40 billion pounds ($A79 billion) a year – much of it falling on businesses – to cover a 22 billion pound ($A44 billion) shortfall inherited by her Labour Party, the lack of compensation payments, including for victims of an infected blood scandal, and under-funding of public services. “Any