Rachel Reeves indicated the Labour Party may be preparing to break its election promises not to raise taxes, as she looks ahead to what she called a “difficult” UK budget.
“It would, of course, be possible to stick with the manifesto commitments, but that would require things like deep cuts in capital spending,” Britain’s Chancellor of the Exchequer said in a BBC radio interview, referring to a pre-election promise not to lift the rates of income tax, national insurance and value-added tax.