Rachel Reeves fails to rule out future tax rises as economy shrinks

Rachel Reeves insisted she would not need to increase taxes on the same scale as in her first budget, but declined to rule out rises altogether (Stefan Rousseau/PA) - (PA Wire)

Rachel Reeves failed to rule out further tax rises in the autumn as new figures showed the economy shrank more than expected in April.

The Chancellor has repeatedly said the cost of Wednesday’s spending review is covered by the tax rises she brought in last year, saying departments must now “live within their means”.