Rachel Reeves, the UK's Chancellor, hinted at potential tax increases for millions of Britons to address the nation's economic challenges. With a possible £30 billion fiscal shortfall, she aims to tackle low productivity, reduce inflation, and lower debt levels in her upcoming Budget. While she didn't specify which taxes might be raised, she emphasized the need for everyone to contribute to the country's security and future prosperity. Shadow Chancellor Mel Stride criticized her speech, suggesting it acknowledges the failure of her first Budget and warning of higher taxes if she breaks promises again.
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