Chancellor Defends ‘Tough Decisions,’ but Pledges No New Taxes on Working People

Chancellor of the Exchequer Rachel Reeves has defended her government’s “tough decisions,” like scrapping universal Winter Fuel Payments, but pledged Labour would not raise taxes on working people. Reeves told the Labour Party Conference on Monday that her November budget would have “real ambition,” would fix the economic foundations of Britain, and would not see the return of austerity. “We said we would not increase taxes on working people, which is why we will not increase the basic higher or additional rates of income tax, national insurance, or VAT, and we will cap corporation tax at its current level for the duration of this Parliament,” she promised....