Reeves Admits She Was ‘Wrong’ About Taxes During Election Campaign

Chancellor Rachel Reeves has admitted she was “wrong” to claim during the election campaign that she won’t have to raise taxes, but added that no additional hikes will be required. When she spoke about tax increases during a campaign event on June 11, Reeves said there was no need for hikes beyond those set out in the Labour Party Manifesto. However, during Sky News’ “Sunday Morning With Trevor Phillips,” on Nov. 3, Reeves said she had underestimated the size of the UK’s budget gap. “I was wrong on June 11, I didn’t know everything. “Because when I arrived at the Treasury on July 5, just over a month after I said those words, I was taken into a room by the senior officials at the Treasury and they set out the huge black hole in the public finances, beyond which anybody knew about at the time of the general election because the previous government hid it from the country, they hid it from Parliament, and indeed they hid it from the independent official forecasters at the Office for Budget Responsibility....