Rachel Reeves Soft Launches Tax Rises
Newscast
BBC
4.4 • 6.4K Ratings
🗓️ 4 November 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
Today, Rachel Reeves has refused to rule out tax rises in a speech laying the groundwork ahead of the budget.
The Chancellor told gathered journalists “the world has thrown even more challenges our way” in a speech which seemed to confirm tax rises on 26th November. Labour had previously pledged not to hike income tax, VAT or National Insurance in it’s general election manifesto. Adam and Chris are joined by deputy economic editor Dharshini David.
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