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Chancellor Rachel Reeves admits tax rises and spending cuts considered for budget
Rachel Reeves faces a £50 billion fiscal gap partly caused by Brexit and rising inflation, forcing consideration of tax hikes and spending cuts despite prior pledges against tax increases.
- Chancellor Rachel Reeves admits that tax rises and spending cuts are being considered for the forthcoming budget.
- Reeves faces unpalatable options such as breaking fiscal rules, raising taxes, or cutting spending to address a potential £50 billion fiscal hole.
- The Labour Party had pledged not to raise taxes on working people in their 2024 election manifesto, but Reeves indicates she may have to make difficult choices.
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38 Articles

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Rachel Reeves says she's looking at tax rises in Autumn Budget 2025
Rachel Reeves acknowledged she was looking at potential tax rises and spending cuts to fill a black hole in her Budget which she said was partly due to the lingering impact of Brexit.
·Hexham, United Kingdom
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Total News Sources38
Leaning Left5Leaning Right4Center15Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 21%
C 62%
R 17%
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