Merchandise 1 of 5 Britain’s Chancellor of the Exchequer Rachel Reeves takes journalists’ questions after delivering a speech within the media briefing room of 9 Downing Road, central London, on November 4, 2025, forward of the forthcoming Price range. JUSTIN TALLIS/Pool by way of REUTERS
LONDON, Nov 4 (Reuters) – British finance minister Rachel Reeves paved the best way for broad tax rises to keep away from a return to “austerity” on Tuesday, framing her second annual funds as one in all “arduous selections” to guard public spending whereas lowering Britain’s debt.
Simply three weeks earlier than delivering the funds, Reeves set out the tough financial backdrop she is wrestling with, pointing to a surge in debt as a result of COVID-19 pandemic, years of low productiveness and cussed inflation.
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