Reported about 9 hours ago
UK Treasury chief Rachel Reeves has indicated plans to raise taxes in the upcoming budget, citing a weaker economy and national debt challenges. In a rare pre-budget speech, she emphasized the need for shared contributions to secure Britain's future, hinting at potential breaks from her election promise not to raise income or sales taxes. Despite criticisms regarding her economic outlook, Reeves aims to focus the budget on growth, fairness, and strengthening public services amid lingering inflation and a sluggish economy.
Source: YAHOO