Reeves plots a dozen tax rises in attempt to repair Britain’s finances

The FTSE 100 rose 0.8pc to close at 9,609.53. Shares in banks made gains following reports that the Chancellor will spare the sector from a tax raid.Ms Oliver said: “It is important to recognise that frontline council services will not benefit if the proceeds are retained solely by mayoral strategic authorities. Therefore, it should be made available to councils, and in all areas which wish to utilise it.”She added that mayors would need to examine the impact of a tourist tax on their local areas to determi ...