Chancellor Rachel Reeves Refuses to Rule Out Further Tax Increases

UK Chancellor Rachel Reeves has not ruled out additional tax rises as part of efforts to fund increased defense spending and reduce public debt. She emphasized the need for fiscal discipline, citing a 'black hole' in public finances left by previous governments.

By Tim Wallace Tue, June 16, 2026 at 6:22 PM GMT+3 3 min read · Yahoo Finance ·

Chancellor Rachel Reeves Refuses to Rule Out Further Tax Increases

Topics: bond markets defence spending public finances taxation

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