Rachel Reeves is planning even higher tax rises and deeper spending cuts in next month’s Budget in order to create billions of pounds of extra “headroom” for the exchequer against future economic shocks.
The chancellor believes that making painful decisions this autumn could prevent her from having to come back again with more tax rises later in this Parliament, according to her allies.
But the decision could mean political pain for Reeves, given that she had promised that last year’s Budget — which raised £40bn in taxes — was a one-off.
您已阅读20%（543字），剩余80%（2224字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。