There are reports that Chancellor Rachel Reeves could announce more tax rises than those included in Labour’s manifesto
The Prime Minister has warned that the forthcoming Budget will be 'tough' - and declined to rule out increasing employers' national insurance contributions. Sir Keir Starmer insisted Labour would keep its promise not to raise taxes on “working people” but, in an interview with the BBC , warned again that October 30 would bring a “tough” Budget. It comes amid speculation that Chancellor Rachel Reeves could announce more tax rises than those included in Labour’s manifesto.
” Ms Reeves faces a difficult challenge when she announces her first Budget at the end of the month and needs to square the Government’s promises on taxation with a commitment to keep borrowing under control and avoid a return to austerity. She will also want to find further ways of closing the £22 billion “black hole” caused by significant overspends in this year’s budget, with much of that pressure likely to persist throughout the Parliament.
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