US EditionSpending Review: Treasury Minister Emma Reynolds Tells Sky News She Is 'Not Ruling Out' Tax Rises in the Autumn
- Treasury minister Emma Reynolds refused to rule out tax rises at the budget expected in autumn 2025 amid economic uncertainty in the UK.
- This stance follows Chancellor Rachel Reeves setting strict fiscal rules and announcing last year's once-in-a-generation budget that included necessary tax changes.
- Reeves has confirmed a spending review boosting health and defence budgets funded through tax increases, while some departments face real-term cuts and administrative budget squeezes.
- Reynolds stated, “I'm not ruling it in and I'm not ruling it out,” while Shadow Chancellor Sir Mel Stride said, “Now we know tax rises are coming.”
- The combination of heightened borrowing costs, fiscal constraints, and planned spending implies further tax rises are likely to maintain economic stability and funding commitments.
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11 Articles
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Spending Review: Treasury Minister Emma Reynolds Tells Sky News She Is 'not Ruling Out' Tax Rises In The Autumn - Great Yorkshire Radio
Speaking to Sky’s Politics Hub With Ali Fortescue, Emma Reynolds defended how the economy was being handled, but would not say if more revenue might be needed from taxation. Asked repeatedly if she was ruling out tax rises, the minister said: “I’m not ruling it in and I’m not ruling it out. “We have got £9bn of fiscal headroom [money left in the budget], which is significantly more than the Tories had when they were in power, at the end of their…
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