9:45 am today

UK: Labour unveils its first Budget in 14 years

From Nine To Noon, 9:45 am today
Britain's Chancellor of the Exchequer Rachel Reeves presents the annual budget statement in the House of Commons in London on October 30, 2024.

Rachel Reeves delivered her first Budget - with big increases to taxes. Photo: UK Parliament handout

UK correspondent Lara Spirit breaks down what's in new Chancellor Rachel Reeves' first Budget, which included a £40bn package of tax increases to fund the NHS.

She looks at where they've been directed and where the extra revenue's intended to be spent.

Lara Spirit is a reporter for The Times Red Box, where she covers politics from Westminster.