Chancellor Rachel Reeves has confirmed that wealthier taxpayers will face higher taxes in next month’s Budget, following a warning from the Institute for Fiscal Studies (IFS) that the government may need to find up to £40 billion to stabilise the nation’s finances. In a pre-Budget assessment, the IFS said the Treasury could be heading for … Continue reading Reeves Plans New Taxes on the Wealthy as Fiscal Watchdog Warns of £40bn Shortfall