Rachel Reeves confirms she no longer stands by pledge not to raise taxes

According to a report by The Guardian… Chancellor says ‘the world has changed’ and UK not immune to effects of wars, US tariffs and higher borrowing costsRachel Reeves has confirmed she no longer stands by a pledge last year not to raise taxes ahead of her speech to the Labour conference, saying “the world has changed” due to a mixture of conflicts, US tariffs and higher borrowing costs.In a series of broadcast interviews before she addressed the gathering in Liverpool, the chancellor strongly hinted, however, that VAT was not due to rise in November’s budget. Continue reading… complete report is on below link. Source: https://www.theguardian.com/politics/2025/sep/29/rachel-reeves-confirms-she-no-longer-stands-by-pledge-not-to-raise-taxes