Kevin Schofield is Politics Editor of HuffPost UK.
Rachel Reeves is crunching the numbers in the Treasury.is aiming to raise £40 billion in tax rises and spending cuts in the Budget , it has emerged.
But Reeves yesterday told the cabinet that she needed to raise that “just to keep public services standing still”., Reeves needs to find another £18 billion on top of that when she delivers the Budget in a fortnight.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rachel Reeves Will Need To Raise Taxes By £25 Billion To Keep Labour's Spending PromisesKevin Schofield is Politics Editor of HuffPost UK.
Read more »
Rachel Reeves poised to raise national insurance for businesses, as Tories claim manifesto breachRachel Reeves hinted at a rise in taxes on businesses on Monday, prompting claims from her Conservative opponents that Labour could break a campaign promise.
Read more »
Rachel Reeves warned about hiking National Insurance in BudgetThe Chancellor gave the strongest hint yet that she could hike national insurance contributions for employers in the Budget in what the Tories branded ' Labour 's jobs tax'.
Read more »
Rachel Reeves warned about hiking National Insurance in BudgetThe Chancellor gave the strongest hint yet that she could hike national insurance contributions for employers in the Budget in what the Tories branded ' Labour 's jobs tax'.
Read more »
Rachel Reeves warned about hiking National Insurance in BudgetThe Chancellor gave the strongest hint yet that she could hike national insurance contributions for employers in the Budget in what the Tories branded ' Labour 's jobs tax'.
Read more »
Keir Starmer’s National Insurance hike WOULD be manifesto breach, top economist declares...Britain must accept tough times or face ruin, Rachel Reeves warns
Read more »