Chancellor Rachel Reeves unveils £26bn tax rises including mansion tax on homes over £2m, scrapping the two-child benefit limit, rail fare freeze and minimum wage hike Rachel Reeves poses with the red Budget Box as she leaves 11 Downing Street (Image: AFP via Getty Images)

Rachel Reeves has revealed £26billion a year in tax hikes during a Budget that was disclosed just moments before its official release.

The Chancellor unveiled that the two-child benefit cap will be scrapped following years of pressure from anti-poverty activists and the NHS could be in for a boost.

In a controversial move, she verified that income tax thresholds will remain frozen - a decision that will impact over 1.5million workers.

The gambling sector will face new charges, though fuel duty will stay

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