India  

Chancellor warned 'substantial tax rises' needed - as she faces 'impossible trilemma'

Sky News Tuesday, 5 August 2025
Chancellor warned 'substantial tax rises' needed - as she faces 'impossible trilemma'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.
0
shares
ShareTweetSavePostSend
 

You Might Like


💡 newsR Knowledge: Other News Mentions

Rachel Reeves Rachel Reeves British politician (born 1979)

Chancellor insists her ‘key focus’ is productivity in budget [Video]

Chancellor insists her ‘key focus’ is productivity in budget

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

Credit: ODN    Duration: 00:28Published
Chancellor welcomes ‘encouraging’ GDP figures [Video]

Chancellor welcomes ‘encouraging’ GDP figures

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

Credit: ODN    Duration: 00:47Published
Chancellor meets NI leaders at Stormont [Video]

Chancellor meets NI leaders at Stormont

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

Credit: ODN    Duration: 01:00Published
Reeves highlights job growth since becoming chancellor [Video]

Reeves highlights job growth since becoming chancellor

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

Credit: ODN    Duration: 00:58Published
Reeves highlights NI investment on Belfast visit [Video]

Reeves highlights NI investment on Belfast visit

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

Credit: ODN    Duration: 00:47Published