The UK chancellor has refused to rule out tax rises in the upcoming budget at the end of November.

Rachel Reeves took the unusual step of delivering a “scene setter” speech on Tuesday, three weeks ahead of her Budget.

During the course of her 45-minute speech, Reeves declined to recommit to Labour’s manifesto commitments not to raise income tax, national insurance or VAT, saying “we will all have to contribute”.

“As I take my decisions on both tax and spend, I will do what is necessary to protect families from high inflation and interest rates, to protect our public services from a return to austerity and to ensure that the economy that we hand down to future generations is secure with debt under control,” Reeves said.

“If we are to build the future of Britain together, we will all hav

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