Tax rises and spending cuts in the cards, UK finance minister hints

cnbc.com/2025/10/15/tax-rises-and-spending-cuts-in-the-cards-uk-finance-minister-hints.html

U.K. Chancellor Rachel Reeves has admitted that tax rises and spending cuts are being considered in the forthcoming budget, signaling the government could be prepared to sacrifice a previous pledge not to hike levies on workers.
"Of course, we're looking at tax and spending as well," the…

This story appeared on cnbc.com, 2025-10-15 07:59:22.
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