Chancellor accused of misleading public about reasons for tax rises, with opposition MPs calling for her to resign
Rachel Reeves has denied lying to the public in the buildup to last week’s budget, insisting that she needed to raise taxes to a record level to ensure economic stability.
The chancellor said on Sunday she had announced £26bn worth of tax rises on Wednesday in part to build a buffer against her fiscal rules and reduce the risk of further tax increases in the future, and in part to protect public spending.