Rachel Reeves billed her £38 billion in tax increases last year – the biggest tax-rising Budget since Black Wednesday – as a ‘one and done’ approach. As she prepares to deliver her second Budget in three weeks’ time, the Chancellor is set for a ‘rinse and repeat’ strategy, as she tries to wring similar sums from taxpayers. Reeves is increasingly expected to increase hike tax by 2p next month. The Chancellor has informed the Office for Budget Responsibility (OBR) that a rise in personal taxation is one of the ‘major measures’ that she will announce later this month, according to the Times . The Budget watchdog will assess the impact of her plans before informing the Treasury of its assessment on Monday: the penultimate round of forecasts before 26 November.

Reeves is increasingly expecte

See Full Page