Author: Daily Mirror

Chancellor Rachel Reeves has acknowledged she is looking at potential tax rises and spending cuts in the Budget to fill a multibillionaire black hole in the public finances09:28, 16 Oct 2025Updated 09:32, 16 Oct 2025Rachel Reeves said there had been scaremongering over her decisions last year(Image: SmartFrame/News Images)Rich people will face higher taxes in next month’s Budget, Rachel Reeves has suggested.In her biggest hint yet, the Chancellor has said she is looking at potential tax rises and spending cuts to fill a multibillion black hole in the public finances which she said was partly due to the lingering impact of…

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