Budget 2024 predictions: Which taxes could Rachel Reeves hike?

With the Autumn Budget set to be delivered in just a few days, speculation about which taxes Chancellor Rachel Reeves will opt to raise has reached fever pitch. On entering No 11 Downing Street, Reeves commissioned the Treasury to conduct a thorough spending audit, which she claimed unearthed a “fiscal black hole” of £22bn, paving the way for a slew of tax rises that hadn’t been in her party’s manifesto. Since then, reports have surfaced suggesting the Chancellor could be looking to make £40bn worth of tax rises and spending cut. It is believed that the additional tightening would help funnel additional money into the NHS and avoid the real-term cuts earmarked for unprotected departments under the Conservatives’ fiscal plan. Get more on the story 👇 https://www.cityam.com/autumn-budget-which-taxes-will-rachel-reeves-hike/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Larissa Howie, Scarlett Wild, Chris Dorrell