Five key takeaways from the UK’s tax-and-spending budget Chancellor Rachel Reeves announced a freeze on income tax rises, scrapping the two-child benefit cap and a mansion tax.Share this: Income tax opponents hope voters will decide ‘millionaires tax’ fateDateJuly 2, 2026In relation toKing 5 NewsHouse approves ‘millionaires tax,’ bill heads to Senate for confirmationDateMarch 10, 2026In relation toKing 5 News‘Millionaires tax’ receives Senate confirmation, heads to governor’s deskDateMarch 11, 2026In relation toKing 5 News