British finance minister Rachel Reeves on Sunday denied she misled the public over official forecasts ahead of this month’s budget, saying she had been honest about the need to build up a bigger financial buffer.
In a speech on November 4, Reeves appeared to lay the groundwork to break the Labour Party’s promise to voters before the 2024 election and raise income tax rates, citing a “weaker than previously thought” productivity performance.
In a letter published on Friday, the head of Britain’s…
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