U.K. Treasury chief Rachel Reeves has signaled she will raise taxes in her budget later this month, citing a weaker economy than expected.

Rachel Reeves is fielding questions from reporters after delivering a speech at Downing Street as she prepares the ground for tax rises in the Budget. She is promising a Budget of "fairness and opportunity" amid mounting speculation that she is preparing to hike income tax to plug a hole in the public finances on November 26.

British finance minister Rachel Reeves said on Tuesday economic growth was the best way out of the country's challenges, in a speech setting out her thinking ahead of the November 26 budget.

Rachel Reeves is battling for her own credibility - and ultimately, the survival of Sir Keir Starmer's government.

Finance minister Rachel Reeves said on Tuesday Britain had faced increasing challenges since her first budget last year, as questions grow over which taxes she will raise to keep her budget on track.

THE boss of Ryanair has slammed Rachel Reeves as having no idea on how to grow the economy as he warned about rises to air fares in the Budget. Michael O’Leary said the Chancellor

An exit charge for wealthy Britons leaving the country and increased levies on expensive homes are on a long-list of possible tax increases being considered by Chancellor of the Exchequer Rachel Reeves ahead of the budget.