Some taxes will have to rise in 30 October budget, says Rachel Reeves

Chancellor rules out raising national insurance, VAT or income tax but says difficult decisions to come' amid 22bn public finance shortfall

Taxes are likely to rise in the Labour government's first budget, the chancellor Rachel Reeves, has said.

Speaking on the News Agent podcast, Reeves declined to rule out increases in inheritance tax, capital gains tax or pensions changes.