Rachel Reeves refuses to rule out further tax rises in 2026
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Rachel Reeves refuses to rule out further tax rises in 2026
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"What I did do in the Budget a couple of weeks ago was increase the fiscal headroom that the Government has, more than doubled that, which means that when further disruption and shocks come our way we're better able to withstand those sorts of shocks, which will mean further changes to taxes are less necessary."
"Chancellor Rachel Reeves refused to rule out further tax rises, but said they are less necessary following her November Budget. Ms Reeves increased taxes by 26 billion in November's Budget, including freezing thresholds on income tax. In an interview with The i Paper, she said the moves had provided the government with cover for problems arising in an incredibly volatile world."
The Independent covers reproductive rights, climate change, and Big Tech, investigates Elon Musk's pro-Trump PAC finances, and produced the documentary 'The A Word' spotlighting American women fighting for reproductive rights. The outlet emphasizes the need for on-the-ground reporters and relies on reader donations to avoid paywalls, arguing quality journalism should be accessible and funded by those who can afford it. Chancellor Rachel Reeves increased taxes by 26 billion in the November Budget, including freezing income tax thresholds, saying the measures more than doubled fiscal headroom to withstand future shocks. Reeves declined to rule out further tax rises and highlighted low interest rates to support home ownership.
Read at www.independent.co.uk
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