Some taxes will have to rise in 30 October budget, says Rachel Reeves

Rachel Reeves claimed Jeremy Hunt, the former chancellor, had lied to parliament and the country about the state of public spending. Photograph: House of Commons/UK parliament/PA Wire

Taxes are likely to rise in the Labour government’s first budget, the chancellor Rachel Reeves, has said.

Speaking on the News Agents podcast, Reeves declined to rule out increases in inheritance tax, capital gains tax or pensions changes.