Rachel Reeves, Office for Budget Responsibility
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THE Chancellor of the Exchequer has confirmed publicly that tax rises are on the cards at the next Budget. Rachel Reeves blamed Brexit, austerity and the Liz Truss mini-budget for having all
The Chancellor acknowledged she was looking at potential tax rises and spending cuts to plug gaps in her autumn budget, which she said had appeared due to the lingering impact of Brexit
Rachel Reeves will need to fill a £22bn hole in the UK public finances at next month’s Budget, according to forecasts from the Institute for Fiscal Studies that increase pressure on the chancellor to raise income tax rather than resorting to a “scrabble bag” of smaller measures.