Chancellor hints at potential tax hikes in Autumn Budget

In her speech addressing parliament yesterday (29 July), Reeves confirmed that she will be holding a budget on 30 October. It will involve taking difficult decisions to meet the government's fiscal rules across spending welfare and tax, Reeves confirmed. She has promised that it will be "a budget to fix the foundations of the economy". Reeves pledges not to raise working taxes Despite the hint at difficult decisions, Reeves reiterated her pledge not to raise National Insurance, basic higher or additional rates of income tax and value added tax - but said there will be "challengin...