Reeves to Raise Taxes to ‘Rebuild’ UK in High-Wire First Budget

Good morning. Rachel Reeves delivers her first UK budget. The EU imposes higher tariffs on China’s electric vehicles. And climate change may literally be keeping you up at night. Listen to the day’s top stories.

Chancellor of the Exchequer Rachel Reeves will pledge to “rebuild Britain” with her first budget, expected to include about £35 billion in tax rises and spending cuts. The Times reported it will also have a £3 billion boost for defense spending. Here’s what to look for in the budget.