By Rachael Griffin

Chancellor Rachel Reeves’ address to conference set the tone for her 26th November budget, with recognition of the dire economic backdrop and the need for tough decisions going forward.

Tax rises had already been deemed all but certain, and the Chancellor made no effort to quell such fears today.

While she did not explicitly repeat Labour’s manifesto commitment not to raise taxes on working people, Ms Reeves did stress that she would not break the trust of voters and would avoid measures that harm ordinary working people. This may suggest the door remains slightly ajar for indirect tax changes or threshold adjustments in the upcoming budget.

While headline rates may remain untouched, it seems likely the public could still face a rising tax burden through fiscal drag, and potentially through higher taxes on the wealthy.

This could come in the form of an extension to the existing freeze on income tax thresholds, for example, which has already........

© LBC