FT – Reeves unveils £40bn Budget tax rise

The Financial Times says the chancellor introduced the “biggest Budget tax increase in a generation” with businesses and the wealthy bearing the brunt and that the changes are intended to fix the country’s finances and public services. 

The paper says that the extra borrowing will find an extra £100bn of capital spending over the parliament, bringing in a “massive expansion of the state that will define political battle lines for years to come”.