Rachel Reeves has declined to rule out further tax increases in her upcoming autumn Budget.
Reeves plans to increase taxes by £35 billion annually in the upcoming Budget.
According to a Wall Street bank’s analysis, Rachel Reeves is set to increase taxes by £35 billion within five years to boost investment and public service spending.
Rachel Reeves needs to increase taxes by £25bn annually to fund her Budget spending
Rachel Reeves will need to implement annual tax increases of £25bn to support her Budget spending plans, according to economists.
Labour set to reconsider 2030 petrol car ban.
Ministers are reconsidering a total ban on the sale of new petrol-powered cars, potentially allowing hybrid vehicles to remain on the market until 2035.
Rachel Reeves is preparing to announce a series of tax rises in October budget
Rachel Reeves is set to announce a series of tax increases in a Budget on October 30, after criticizing the Tories for £22bn of unfunded spending.