Chancellor also blames austerity and ‘ongoing impact of Liz Truss mini-budget’ for growing shortfall in public financesUK politics live – latest updatesRachel Reeves has said tax rises and spending cuts are on the table for this autumn’s budget, as the government aims to tackle a growing shortfall in the public finances which she said was partly due to the lingering impact of Brexit.Speaking to Sky News, the chancellor said: “Of course, we’re looking at tax and spending” as she prepared for her 26 November statement. “But the numbers will always add up with me as chancellor, because we saw just three years ago what happens when … the Conservatives lost control of the public finances, inflation and interest rates went through the roof.” Continue reading...
Thursday 16 October 2025
theguardian - 2 days ago
Rachel Reeves says tax rises and spending cuts on budget agenda, citing Brexit impact
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