Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis Sign up

I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice .

Rachel Reeves put the country on notice that tax rises are coming in her Budget , saying “each of us must do our bit”.

The Chancellor declined to recommit to Labour’s manifesto commitments not to raise income tax, national insurance or VAT , saying “we will all have to contribute”.

She blamed global problems including the tariff war triggered by US President Donald Trump and domestic issues including the budget watchdog’s expected downgrade of economic productivity for the “hard choices” she will make.

Chancellor Rachel Reeves took the unusual step of delivering a p

See Full Page