Chancellor Rachel Reeves has refused to rule out tax increases, saying she will make the “necessary choices” in her upcoming Budget.
Speaking ahead of the announcement, Mrs Reeves said the past 12 months have brought “even more challenges” and pledged that her Budget would focus on both growth and fairness.
The Chancellor is expected to unveil potential tax rises on November 26, despite Labour having promised in its general election manifesto not to increase income tax, VAT, or National Insurance.
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