Rachel Reeves warns of ‘difficult’ tax choices at the Budget
The TelegraphRachel Reeves has warned of “difficult” tax choices coming up at her first Budget at the end of the month. The Chancellor told a meeting of Sir Keir Starmer’s political Cabinet that it would take more than just one Budget to fix the public finances as she signalled harsh spending, welfare and tax decisions. A Labour spokesman said: “The Chancellor said that the scale of inheritance meant there would have to be difficult decisions on spending, welfare, and tax – and that the long-term priority had to be unlocking private sector investment to drive economic growth. However, the Budget would deliver on the government’s priorities to protect working people, fix the NHS, and rebuild Britain.” In his own remarks at the meeting, Sir Keir welcomed the £63bn of private investment secured at the International Investment Summit while admitting the Budget would involve “tough decisions so we can invest in the future”. A Labour spokesman added: “The Prime Minister said that the first Labour Budget in 14 years would prioritise stabilising the economy, fixing the foundations, and growing our way to a better Britain.