UK Chancellor Rachel Reeves has announced the Labour Party's first budget since 2010, including £40B (US$52B) in tax rises and £22.6B ($29.5B) in extra day-to-day spending for the National Health Service (NHS).
Speaking in the House of Commons, Reeves – the UK's first female Chancellor of the Exchequer – stated the "only way" to achieve economic growth was "invest, invest, invest," and claimed she was "restoring stability" public finances and "rebuilding" public services.