Labour tax pledge stands, says No 10, as Reeves rolls pitch for hikes on wealthy

The Chancellor said higher taxes on the wealthy would be ‘part of the story’ in her Budget (Paul Grover/Daily Telegraph/PA) - (PA Wire)

Labour’s manifesto pledge not to raise taxes on working people still stands, Downing Street said, after the Chancellor suggested she would target the wealthy as part of her Budget next month.

Rachel Reeves has acknowledged she is looking at potential tax rises and spending cuts at her November 26 statement.