BRITS were told to brace for pain today as Rachel Reeves warned “each of us must do our bit” – paving the way for fresh tax hikes in the Budget.
In an early-morning speech, the Chancellor refused to rule out breaking Labour’s election promise not to raise income tax, VAT or National Insurance — the three biggest taxes paid by working people.
She said she would “do what is necessary” on both tax and spending to “protect families from high inflation and interest rates” and “get debt under control.”
But her warning that “we will all have to contribute” sparked alarm that millions could soon be paying more to the Treasury.
Ms Reeves said she would not “be swayed by political convenience” or “always do what is popular,” insisting her decisions would be guided by “fairness.”
She said: “At the Budget, I will continue to deliver on the priorities of the British people – cutting NHS waiting lists, cutting the national debt and cutting the cost of living.”
