AssetID: 55137345
Headline: Rachel Reeves Reconsiders Tax Pledge
Caption: Chancellor Rachel Reeves has confirmed she no longer stands by her previous pledge not to raise taxes, citing global economic pressures such as conflicts, US tariffs, and rising borrowing costs. Ahead of the Labour Party conference, she ruled out a VAT increase and defended Labour's fiscal approach, while also backing Keir Starmer's criticism of Reform UK's immigration policy.
Keywords: Current Affairs & Politics,Rachel Reeves,tax pledge,UK budget,Labour Party,VAT,global economy,borrowing costs,US tariffs,Keir Starmer,Reform UK,immigration policy,fiscal strategy,Labour conference 2025
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