Budget 2024: what taxes could Rachel Reeves raise?

Rachel Reeves has said she was keen to avoid a ‘return to austerity’. Photograph: Phil Noble/Reuters

The chancellor, Rachel Reeves, is exploring ways to raise billions of pounds extra in taxes at the budget.

Labour outlined about £9bn worth of tax-raising measures in its manifesto, but also committed not to increase taxes on “working people” using the three biggest revenue-raisers for the Treasury: income tax, national insurance and VAT. The party also committed to not increasing corporation tax on businesses.