'We'll have to increase taxes', says Reeves

Quick Summary:

The chancellor says she will have to raise money through tax after claims of a £22bn hole in the public purse.

Labour has already confirmed some tax rises and the chancellor has previously alluded to "difficult decisions" needing to be made.

Mr Hunt has denied this, saying the last government was "open" about public finances.

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Article Details

Category: Business

Markets: United KingdomRwanda

Topics: Budget Government Labour Public Spending Reeves Chancellor Taxes Previous Podcast

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 20:33:40 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 689 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 21862029

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