Reeves Looks Set to Break Key Labour Manifesto Pledge

Reeves looks set to break key Labour manifesto pledge

'Political convenience' over 'economic imperative' to blame as Chancellor prepares the way for tax rises

A speech by chancellor Rachel Reeves has been widely interpreted as preparing the ground for tax rises in the Autumn budget

Reeves lays groundwork for manifesto-breaking tax rises in Budget| experts at AJ Bell share analysis

As the countdown to the 26 November Budget begins, AJ Bell’s policy and investment experts have reacted to Chancellor Rachel Reeves’ Downing Street “scene setter” speech this morning, a sobering preview that points to tough fiscal choices ahead. In the speech, Reeves warned of worsening economic headwinds and reaffirmed her “ironclad” commitment to fiscal rules, hinting at painful decisions to come and refusing to rule out tax rises with the sta…