Chancellor of the Exchequer Rachel Reeves announced £26 billion of tax increases in a budget that sought to balance the demands of both bond traders and Labour backbenchers. The budget included a more-than-doubled buffer of £22 billion and increased welfare spending by £16 billion, with decisions such as scrapping the cap on child benefits earning praise from left-wing Labour MPs. She speaks on the sidelines with Bloomberg's Lizzy Burden

<p>Chancellor of the Exchequer Rachel Reeves announced &pound;26 billion of tax increases in a budget that sought to balance the demands of both bond traders and Labour backbenchers.&nbsp;The budget included a more-than-doubled buffer of &pound;22 billion and increased welfare spending by &pound;16 billion, with decisions such as scrapping the cap on child benefits earning praise from left-wing Labour MPs. She speaks on the sidelines with Bloomberg's Lizzy Burden</p>

Listen for top interviews from Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment.

<p>Listen for top interviews from Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment.</p>

Listen to top interviews from Bloomberg News.

Bloomberg Talks

UK Chancellor Rachel Reeves Talks Tax Increases, Budget

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/db5ec275-595b-443d-9f8d-b3a1011cad91/transcript