Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK The Associated PressUK Budget: Labour Party to Raise Taxes by 40 Billion Pounds The New York TimesNewspaper headlines: 'Reeves' £40bn tax gamble' and 'bombshell for Britain's strivers' BBC.comBritain targets the wealthy as it hikes taxes by $52 billion CNNUK borrowing costs spike after extensive tax hikes announced in budget CNBC