Reeves Gives Strongest Hint Yet of Plans to Raise UK Taxes (2)

Rachel Reeves indicated the Labour Party may be preparing to break its election promises not to raise taxes, as she looks ahead to what she called a “difficult” UK budget.

“It would, of course, be possible to stick with the manifesto commitments, but that would require things like deep cuts in capital spending,” Britain’s Chancellor of the Exchequer said in a BBC radio interview, referring to a pre-election promise not to lift the rates of income tax, national insurance and value-added tax.

Rachel Reeves

Photographer: Jose Sarmento Matos/Bloomberg

Reeves is seeking to fill a swelling hole in the UK’s public finances that she said has ...