BREAKING NEWS
Rachel Reeves Issues Stark Warning on Imminent Tax Hikes
Labour's Chancellor Rachel Reeves has warned of "harder choices" to come, hinting at tax rises in the November Budget.
Reeves made the comments during a speech at Labour's annual party conference in Liverpool, where she pledged to keep taxes, inflation, and interest rates as low as possible. However, she acknowledged that international events and economic damage have made her task more difficult.
The Chancellor is facing a tough Budget, with economists warning of tax rises or spending cuts needed to meet self-imposed borrowing rules. Reeves pointed to global factors such as wars in Europe and the Middle East, US tariffs, and rising borrowing costs as reasons for potential tax hikes.
This development comes ahead of the November Budget, where Reeves will outline her plans for the country's finances. The exact details of any tax rises are yet to be confirmed.
This is a developing story
*This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*
