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The Independent UK
The Independent UK
Millie Cooke and Kate Devlin

Budget 2025: Rachel Reeves signals tax rises and warns ‘each of us must do our bit’

Rachel Reeves has put the country on notice that sweeping tax rises are coming in her Budget, warning “we will all have to contribute” to building a new future for Britain.

Promising to put the national interest above “political expediency”, the chancellor signalled she is ready to break Labour’s manifesto commitment not to raise income tax, personal national insurance or VAT.

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