Chancellor warned 'substantial tax rises' needed - as she faces 'impossible trilemma'
Tuesday, 5 August 2025 Rachel Reeves will need to find more than £40bn of tax rises or spending cuts in the autumn budget to meet her fiscal rules, a leading research institute has warned.
Chancellor Rachel Reeves refuses to be drawn on tax plans ahead of the autumn budget but insists her “key focus” is to “boost productivity and growth”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves welcomes the latest ONS GDP figures which show the UK economy grew by 0.3% between April and June, describing them as “encouraging numbers”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor of the Exchequer Rachel Reeves arrives at Stormont for talks with Northern Ireland Deputy First Minister Emma Little-Pengelly and Finance Minister John O'Dowd.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves shares positive news from the labour market data released today, noting 384,000 more jobs since she took office despite a slight unemployment increase. She acknowledges more work is needed to get everyone who can work back into employment.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
On a visit to Belfast, Chancellor Rachel Reeves emphasised significant investment in Northern Ireland as part of the government’s commitment to balanced economic growth across the UK.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn