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Rachel Reeves confirms she no longer stands by pledge not to raise taxes

Chancellor says ‘world has changed’ and UK not immune to effects of wars, US tariffs and higher borrowing costsUK politics live – latest updatesRachel Reeves has confirmed she no longer stands by a pledge last year not to raise taxes ahead of her speech to the Labour conference, saying “the world has changed” due to a mixture of conflicts, US tariffs and higher borrowing costs.In a series of broadcast interviews before she addressed the gathering in Liverpool, the chancellor strongly hinted, however, that VAT was not due to rise in November’s budget. Continue reading...


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