Reeves revealed a historic tax increase, aiming to fix public finances and restore services <br />Chancellor Rachel Reeves has announced a £40 billion tax increase in the first Labour budget since 2010<br />The budget aims to address a significant "black hole" in public finances left by the Conservatives<br />Key measures include a £25 billion increase in employers' national insurance contributions and hikes in capital gains tax and tobacco duty<br />The budget also outlines an increase in the stamp duty surcharge for second homes and the soft drinks industry levy, while maintaining a freeze on fuel duty<br />Improvements in the carers allowance and a commitment to invest over £5 billion in housing and infrastructure are included
