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Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

The Guardian•Wednesday, October 15, 2025 at 6:15:51 PM
PositiveFinancial Markets
Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget
Rachel Reeves, the UK Chancellor, has announced that higher taxes on the wealthy will be included in the upcoming November budget. Speaking at the International Monetary Fund meetings in Washington, she dismissed criticisms as 'scaremongering' and emphasized her commitment to improving public finances. This move is significant as it reflects the government's strategy to address economic challenges and ensure a fairer tax system, which could have a positive impact on public services and reduce inequality.
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