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Chancellor Rachel Reeves challenged over cost of borrowing surge in response to budget

Speaking to Sky News following Labour's first fiscal event since 2010, Rachel Reeves also said it would be "irresponsible" to promise there will not be further tax rises.

Thursday 31 October 2024 17:25, UK

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The pound has weakened and gilt yields - the cost of borrowing by the UK government - has increased in response to the budget, which saw Rachel Reeves introduce the biggest tax hike in a generation.
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