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The pound fell nearly 20 points against the dollar GBP/USD after the chancellor said the budget raised taxes by 40 billion pounds.

The pound fell nearly 20 points against the dollar GBP/USD after the chancellor said the budget raised taxes by 40 billion pounds.

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The UK Treasury has announced an increase in capital gains tax on most assets

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British Chancellor of the Exchequer Reeves: This budget raises taxes by 40 billion pounds.

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