Rachel Reeves 'rolling pitch for big tax rises' in Budget with £40billion plan briefing, says top economist

Chancellor Rachel Reeves is “rolling the pitch for some big tax rises” in the Budget, a top economist warned on Wednesday.

Paul Johnson, director of the Institute for Fiscal Studies, believes the Government briefing that it is seeking £40billion from a tax and public spending shake-up was laying the ground for some significant increases in levies.