Reeves refuses to rule out tax rises in Budget
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Rachel Reeves is set to prepare the ground for tax rises in an unusual pre-Budget speech at Downing Street on Tuesday morning.She will promise a Budget of "fairness and opportunity" amid mounting speculation that she is preparing to hike income tax to plug a hole in the public finances on November 26.
U.K. Treasury chief Rachel Reeves signals she will raise taxes in her upcoming budget, citing a sicker economy than previously thought.
Rachel Reeves’ emergency Downing Street speech highlights the imminent tax rises. Find out why urgent financial advice is needed.