British Chancellor Pledges to Keep Tax Rates Unchanged

In a recent statement, British Chancellor Rachel Reeves reaffirmed her commitment not to raise income tax, value-added tax (VAT), or National Insurance, aligning with the Labour manifesto's promises before the 2024 general election.

Addressing Fiscal Challenges Without Burdening Workers

Reeves highlighted her approach to tackling the fiscal deficit left by the previous Conservative government, emphasizing that the measures taken did not impose additional taxes on working individuals. Despite significant cuts to welfare spending and a revised growth forecast by the Office for Budget Responsibility, Reeves' strategy focuses on maintaining tax stability.