Chancellor of the Exchequer Rachel Reeves has hinted at potential tax increases in her recent speech, attributing the UK's economic struggles to the previous Conservative government and global trade issues. This comes after she raised taxes by £40 billion last year, which she initially claimed would be a one-time measure. Reeves' comments suggest that ongoing challenges from austerity measures, Brexit, and the pandemic are forcing her to reconsider her stance on taxation, raising concerns about the financial burden on citizens and businesses.