Chancellor I was wrong on taxes during election
Chancellor Rachel Reeves has said she was “wrong” when she said during the election campaign that she would not need to raise taxes, but insisted further increases will not be needed. During a campaign event on June 11, Ms Reeves said she would not need to raise taxes beyond the increases already set out in the Labour Party’s manifesto. But delivering her first Budget on Wednesday, she announced £40 billion of tax […]