Rachel Reeves confirms she no longer stands by pledge not to raise taxes
by Peter Walker Senior political correspondent from World news | The Guardian on (#70CM7)
Chancellor says world has changed' and UK not immune to effects of wars, US tariffs and higher borrowing costs
Rachel Reeves has confirmed ahead of her speech to the Labour party conference that she no longer stands by a pledge last year not to raise taxes , 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 on Monday, the chancellor strongly hinted, however, that VAT was not due to rise in November's budget.
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