Overview
- The chancellor confirmed higher taxes on the better-off will be 'part of the story' and ruled out a standalone wealth tax.
- She said those with the 'broadest shoulders' should pay a fair share while insisting the UK must remain attractive to talent.
- The IFS and Barclays estimate a hole of roughly £22bn from weaker forecasts and policy reversals, with some projections higher, and urge credible consolidation.
- Downing Street reiterated Labour’s pledge not to raise VAT, income tax or national insurance for working people.
- The Autumn Budget is set for 26 November, as reports of wealthy individuals relocating draw fresh scrutiny that Reeves dismissed as scaremongering.