Tax rises and spending cuts could be part of budget, says chancellor

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Tax rises and spending cuts could be part of budget, says chancellor

Chancellor Rachel Reeves exclusively tells Sky’s Sam Coates, ‘of course, we’re looking at tax and spending as well’.

The Chancellor said she is looking at both tax rises and spending cuts in the budget in her first interview since being briefed on the scale of the black hole. 

#Rachelreeves #uknews #ukpolitics

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Date: October 15, 2025