Reeves Hints at Tax Rises in Budget as She Heads to Riyadh in Search of Trade Deal

Reeves Signals Tax Rises Being Considered at Budget During Saudi Arabia Visit

Tax and spending changes are being considered ahead of next month’s Budget, Rachel Reeves has said. In an indication that some form of tax rises could be on the table, the Chancellor suggested the Government needed to ensure there was “sufficient headroom” above its spending plans, and that its fiscal rules are met. The Chancellor also suggested she was “confident” a trade deal with the Gulf Co-operation Council (GCC) could be finalised, as she …

Rachel Reeves hints tax rises are on the cards in Budget as Treasury hunts for 'headroom'

Reeves hints at tax rises in Budget as she heads to Riyadh in search of trade deal

The chancellor is widely expected to use the Budget to increase taxes once again, with the Institute for Fiscal Studies estimating she needs to find £22bn of tax rises or spending cuts to meet her self-imposed fiscal rule