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Reeves warns ministers tax rises are coming after loss of ‘low hanging fruit’

City A.M. Saturday, 5 July 2025
Reeves warns ministers tax rises are coming after loss of ‘low hanging fruit’Chancellor Rachel Reeves has warned ministers that taxes will have to rise after the government U-turned on its welfare bill, despite repeated pledges not to increase the taxes of working people. Reeves told ministers on Tuesday that raising the tens of billions pounds she needs would be a “big challenge” given her lack of options, [...]
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