Tax hikes on the way? Reeves won’t rule it out in pre-budget speech
The UK budget isn't until the end of the month but on Tuesday morning, unusually, Chancellor Rachel Reeves warned in a speech that what she called "tough but fair" "necessary choices" were ahead.
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Reeves blamed tariff wars triggered by Donald Trump, poor economic productivity and said she needed to protect public services, and couldn't responsibly borrow any more.
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