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

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.

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