Here Are the Main Winners and Losers of the UK Budget

UK Chancellor Rachel Reeves announced more than 80 policies at the budget on Nov. 26, including tax rises that allowed her to double a key fiscal buffer without breaking a manifesto pledge on income tax rates.

The Office for Budget Responsibility estimated that Labour’s so-called “smorgasbord” approach will raise £26 billion ($34 billion), taking the economy’s overall tax take to the highest on record. However, relying on a large number of small measures is also set to create clear divisions between those gaining and those losing money as a result of the budget.

Winners

Lower-income families ...