Reeves warns of 'hard choices' before Budget

RACHEL Reeves has said she is facing “harsh global headwinds” as she hinted at further tax rises to come in the Budget.

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Rachel Reeves

The Chancellor used her Labour Party conference speech to insist that she would keep control of the public finances and would “not take risks with the trust placed in us by the British people”.

But she said her choices had been made “harder” by international events and the “long-term damage” done to the economy.

Ahead of her keynote speech in Liverpool, Ms Reeves had warned that “the world has changed” since she promised business chiefs she would not repeat the tax raid of her first budget.