Reeves to repeat ‘once in a parliament’ Budget raid, City predicts

Rachel Reeves promised in last year’s Budget that she was ‘not coming back’ for more - Chris J Ratcliffe/Bloomberg Rachel Reeves is poised to repeat her record £40bn tax-raising Budget despite promising it was a one-off, economists have predicted. Barclays on Wednesday forecasted that the Chancellor will look for £41.7bn in tax rises and spending cuts next month, roughly on a par with last year’s record £41.5bn raid. Labour’s struggle to cut spending means tax rises are expected to account for the majori ...