Rachel Reeves Discusses Possibility of Autumn Tax Rises After Challenging Week

Rachel Reeves has stated that tax rises cannot be ruled out in the autumn budget. She emphasized that she never considered resigning despite facing challenges. The chancellor acknowledged the impact of the welfare bill changes and described the week as 'damaging' for the government.

Reeves' emotional moment in parliament coincided with a backbench rebellion that led to the abandonment of key welfare cuts, leaving a financial gap of £5bn. She expressed regret for her tearful appearance during prime minister's questions but highlighted the importance of being resilient.

Looking ahead, Reeves mentioned the ongoing review led by Stephen Timms to address the welfare system reforms. She stressed the need for government to listen to feedback and collaborate with various groups.

While not ruling out tax increases, Reeves affirmed her commitment to maintaining fiscal discipline and aligning decisions with Labour values. She emphasized the importance of communicating the government's financial choices effectively.

Reeves also discussed the potential changes in the Office for Budget Responsibility's remit based on recommendations from the International Monetary Fund. She highlighted the government's focus on reducing child poverty but did not provide specifics on policy changes.

According to the source: The Guardian.