DEVELOPING: Rachel Reeves Warns of Imminent Tax Hikes as UK Faces Economic Crunch

BREAKING NEWS Rachel Reeves Warns of Imminent Tax Hikes as UK Faces Economic Crunch Labour Chancellor Rachel Reeves has warned of "harder choices" to come, hinting at tax rises in November's Budget. In a speech at Labour's annual party conference in Liverpool, she pledged to keep taxes, inflation, and interest rates low but acknowledged the government's options have been made more difficult by international events. Reeves' comments come as economists warn of the need for tax hikes or spending cuts to meet her self-imposed borrowing rules. The Chancellor pointed to global factors such as wars in Europe and the Middle East, US tariffs, and rising borrowing costs as reasons why taxes may need to increase. The Budget is set to be a challenging one for Reeves, with the government facing significant economic pressures. While no final decisions have been made on tax rises, Reeves' comments suggest that some form of increase is likely. This is a developing story, and we will provide updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*