UK Chancellor's Tax Hike Plan

This is a UK news story, published by BBC, that relates primarily to Rachel Reeves news.

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UK tax rises

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tax rises

BBC

•

World

UK tax rises: The five steps that could lead to increases

Summary

Nutrition label

73% Informative

Chancellor Rachel Reeves is on track to meet her self-imposed rules on the public finances.

But experts say she may struggle to meet them and the only way she may do so is to raise taxes.

There are essentially five steps to get from where we are now to tax rises in October .

Government has already announced big cuts to the welfare bill as well as plans to cut civil service and abolish several quangos including NHS England .

But as Paul Dale , chief UK economist at Capital Economics , puts it: "Non-defence spending can only be cut so far" Reeves has not ruled out tax rises but told the BBC there were "opportunities".

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful