Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breach

Senior ministers fear rumoured plans could backfire significantly with already-weary voters

Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breach

U.K. Chancellor Rachel Reeves is expected to give a clearer indication that tax rises are coming in her Autumn Budget later this month when she gives a speech this morning.

Chancellor breaks cover to set out Budget priorities in unusual move

Rolling coverage of the latest economic and financial news

Chancellor gives Downing Street speech as markets open and is expected to be ‘candid’ about choices to fill fiscal gap

Chancellor emphasises need to respond to challenges in speech intended to frame tough choices UK faces

Chancellor says she is focused on priorities for British people in pre-budget speech laying ground for expected tax rises

The chancellor is rolling the pitch for a difficult Budget as economists predict tax rises on 26 November.

Speech attempts to take back narrative with talk of ‘years of economic mismanagement’, Brexit and tariffs

Britain's Chancellor of Exchequer Rachel Reeves declines to confirm Labour's tax promises ahead of Britain's November 26 Autumn Budget amid financial challenges.

A major election pledge by Britain's Labour government looked set to be breached after Chancellor Rachel Reeves strongly hinted that tax rises were on the way.

The chancellor appears to believe voters will forgive a broken promise in return for meaningful investment