Rachel Reeves could raise £45bn in taxes and keep promises, report says

<p>Chancellor has ways to cover UK deficit without breaching spirit of Labour manifesto, Morgan Stanley claims</p><p>Rachel Reeves could raise as much as £45bn in taxes without breaking Labour’s manifesto promises, according to a City report.</p><p>Economists at the US investment bank Morgan Stanley said they expected the chancellor to use next month’s budget to announce billions of pounds in tax increases to cover a potential £30bn shortfall in the public finances.</p> <a href="https://www.theguardian.com/politics/2025/oct/02/rachel-reeves-could-raise-45bn-in-taxes-and-keep-promises-report-says">Continue reading...</a>