Rachel Reeves avoids ruling out tax rises as autumn budget looms

<p>Chancellor emphasises need to respond to challenges in speech intended to frame tough choices UK faces</p><ul><li><p><a href="https://www.theguardian.com/politics/live/2025/nov/04/rachel-reeves-speech-tax-budget-labour-keir-starmer-latest-politics-news-live">UK politics live – latest updates</a></p></li></ul><p>Rachel Reeves has refused to rule out tax rises in this month’s budget, insisting she must “deal with the world as I find it, not the world as I might wish it to be”.</p><p>The chancellor foreshadowed an income tax increase, a breach of Labour’s manifesto commitment, as a result of the public finances being in a worse state than expected after “years of economic mismanagement”.</p> <a href="https://www.theguardian.com/politics/2025/nov/04/rachel-reeves-avoids-ruling-out-tax-rises-as-autumn-budget-looms">Continue reading...</a>