Reeves admits tax rises and spending cuts considered for budget

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Reeves admits tax rises and spending cuts considered for budget

Rachel Reeves will deliver her second budget on 26 November.

She has vowed not to raise taxes on "working people", but some increases are expected as she faces a multibillion-pound black hole in the public finances.

She spoke to Sky’s Deputy Political Editor Sam Coates about her vision for growth and her plans for "being the chancellor that get things built in Britain."

But how is she going to balance the books?

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Date: October 15, 2025