The Chancellor announced a further crackdown on tax evasion, aiming to increase prosecutions of tax fraud by 20 per cent and take total revenue raised from reducing tax evasion to £7.5 billion.
She emphasised fairness, stating that it is wrong for some to avoid taxes while working people pay their share.
For businesses, stronger enforcement helps level the playing field, ensuring competitors are not gaining an unfair advantage by dodging their obligations.
For individuals, it reinforces trust in the tax system and ensures public services are funded without raising taxes.
The extra revenue could also reduce pressure for future tax increases, supporting broader economic stability.