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Chancellor Rachel Reeves admits she was 'wrong' to say higher taxes not needed during election

  • Chancellor Rachel Reeves acknowledged she was mistaken in saying higher taxes were unnecessary during the election.
  • She mentioned a significant financial shortfall revealed by Treasury officials after her election comments.
  • Employers will face a 1.2 percentage point rise in national insurance taxes, contributing to £40bn in tax increases mostly for businesses.
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  • 44% of the sources lean Right
44% Right
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Rachel ReevesRachel Reeves
EuropeEurope
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