Chancellor Rachel Reeves says it would be ‘irresponsible’ to rule out further tax rises

Chancellor says it would be 'irresponsible' to rule out further tax risesSky News

Transcript

00:00You're asking the public for 40 billion tax rises can you at least reassure

00:03people there are no more tax rises after this? Well I've committed to just have

00:07one budget a year I'm not coming back to this. No, this Parliament. I'm not going to

00:11make commitments to never change taxes again that would be irresponsible but

00:16this is a once-in-a-parliament budget to wipe the slate clean after the mess

00:21that the Conservatives have left us. Just final question, the markets, the gilt

00:24yields are rising, investors are worried about your budget. Gilt yields are going up.

00:29Well what I saw straight after the budget was that the FTSE had increased

00:35and gilt yields had fallen. They're going up. Well I haven't seen those like latest

00:40market moves but the combination of our stability rule that we will pay for day

00:45to day spending through tax receipts and investment rule to ensure that we can

00:49invest alongside business should give markets and investors confidence to

00:54invest in Britain. Okay Chancellor thank you.