RACHEL Reeves hinted that she will have to hike taxes in the Budget as she admitted “tough choices lie ahead".

The Chancellor is trying to pug a massive £30billion blackhole in the nation’s finances as the economy continues to struggle.

In an interview ahead of the Labour Party conference, she ruled out breaking her manifesto tax lock commitment - ruling out raising income tax, National Insurance Contributions from workers and VAT.

And Ms Reeves ruled out going on a borrowing binge - insisting her fiscal rules are ironclad.

Her word means taxes will almost certainly be raised in the Budget on November 26.

Speaking to the Times , Ms Reeves was asked if the Budget will be “tough”.

She replied: “No one is saying anything else.

“I think anyone who opens a newspaper, watches the tell

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