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UK Chancellor Refuses to Rule Out Tax Increase in Budget
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Published on 06 Jan 2026 / In
CWM News / World News
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| BBC News
UK Chancellor Rachel Reeves has refused to rule out tax rises as she said she will make the "necessary choices" in her upcoming Budget.
She said "the world has thrown even more challenges our way" in the last 12 months and her Budget will be one of growth and fairness.
Reeves is expected to announce tax rises on 26 November - Labour had pledged not to hike income tax, VAT or National Insurance in its general election manifesto.
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