The UK's Finance Minister Keeps Public Guessing over Tax Hikes
Facing a £30 billion fiscal gap, Chancellor Reeves may implement tax rises and spending changes despite previous promises to balance the UK budget and support economic growth.
10 Articles
10 Articles
Reeves claims she won't hike major taxes in Budget - but here's why she may have to
A black hole in the public finances could require as much as £40bn in tax rises or spending cuts from Rachel Reeves in November’s Budget, according to some economists.But the Chancellor faces a big dilemma, as in Labour’s manifesto for the general election last year, the party ruled out several major tax rises, which could cover – or partly cover – this hole.In its manifesto, Labour said it would “not increase taxes on working people”.It added: …
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