Rachel Reeves challenged over autumn tax rises as GDP dips by 0.3%

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Rachel Reeves challenged over autumn tax rises as GDP dips by 0.3%

Chancellor Rachel Reeves says the latest growth figures showing a contraction in the economy are "disappointing".

She told Sky’s Wilfred Frost the uncertainty surrounding Donald Trump’s tariffs were partly to blame.

Ms Reeves said Wednesday’s spending review was fully costed, but could not rule out further taxes rises in the autumn statement.

Live updates: https://news.sky.com/story/politics-latest-spending-review-rachel-reeves-labour-keir-starmer-12593360

#skynews #spendingreview #rachelreeves #ukeconomy #labourparty #nhs

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Date: June 12, 2025