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Evening Standard
Evening Standard
World
Nicholas Cecil and Rachael Burford

'We will have to increase taxes in the Budget,' signals Rachel Reeves

Rachel Reeves Black Hole Louise Haigh NatWest

Tax rises are on their way within months, Rachel Reeves has signalled, saying: “I think that we will have to increase taxes in the Budget”.

The Chancellor made the statement just over three weeks after Labour won a landslide election victory on July 4.

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