Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

<p>Exclusive: Chancellor hints at rises and calls out past ‘scaremongering’ over VAT on private schools and changes to non-doms</p><p>Rachel Reeves has said higher taxes on the UK’s wealthy will form part of next month’s budget, as she shrugged off the “scaremongering” and “bleating” of her critics, and stressed her determination to repair the public finances.</p><p>Speaking in Washington, where she is attending the annual meetings of the International Monetary Fund (IMF), the chancellor told the Guardian there “won’t be a return to austerity” and hinted at tax increases for the most well-off.</p> <a href="https://www.theguardian.com/politics/2025/oct/15/rachel-reeves-says-higher-taxes-on-wealthy-part-of-the-story-for-november-budget">Continue reading...</a>