As Britain moves towards its November 26 Autumn Budget, Britain’s Chancellor of Exchequer Rachel Reeves refused to commit to her (Labour) party’s manifesto promise that it would not raise certain taxes, including the basic and higher rates of income tax.

In a pre-budget speech, aimed at explaining the context in which she was considering policy changes coming at the end of the month, Ms Reeves refused to commit to Labour’s 2024 election promise not to raise income tax, Value Added Tax (VAT), or National Insurance (i.e., social security payments).

Asked if she was willing to lose the next election for breaking manifesto promises, Ms Reeves said,” We’e got to do the right things,” and that the “national interest” came before “political expediency”. The Labour Party came into power in July

See Full Page