Business has 'lost a lot of faith' in Reeves as likelihood of Budget tax rises increases

Pippa Crerar says at Funds to Watch

Linus Uhlig
clock • 1 min read

Chancellor Rachel Reeves may not be concerned about the impact of breaking her manifesto pledges at the Autumn Budget, but faith from many within the City is already waning.

Speaking at Investment Week's Funds to Watch event today (6 November), Pippa Crerar, political editor of The Guardian and co-host of ITV's Peston show, argued the chancellor has already "lost a lot of faith" from the business community ahead of her "huge" upcoming Autumn Budget.  Crerar explained that Reeves also may not be concerned about the fallout caused by breaking manifesto promises on taxation because "lots of people think she has already broken a manifesto promise" with the rise of employer National Insurance Contributions (NICs) last year.  Aside from the electorate, Crerar s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on UK

Financial happiness reaches two year high - Dynamic Planner
UK

Financial happiness reaches two year high - Dynamic Planner

After July fall

Jen Frost
clock 11 September 2026 • 2 min read
Phillip Wickenden: The Budget before the Budget
UK

Phillip Wickenden: The Budget before the Budget

America’s $40trn debt milestone is already narrowing the choices available in Britain’s October Budget. Advisers should watch how that pressure travels from the bond market into mortgages, tax and client plans, writes Phillip Wickenden.

Phillip Wickenden
clock 26 August 2026 • 5 min read
Why Andy Burnham must harness the power of long-term policy to give investors confidence
UK

Why Andy Burnham must harness the power of long-term policy to give investors confidence

'It’s fair to say it's been far livelier in Westminster this summer than usual'

James Alexander
clock 06 August 2026 • 4 min read