Chancellor Rachel Reeves said it would be “irresponsible” to rule out further tax rises following Labour’s historic budget.
Ms Reeves has gambled on a £40bn tax rise in a bid to boost public services and grow the economy.
She told the House of Commons that the increase – a record sum, equalled only by Norman Lamont in 1993 – coupled with a massive £32bn in extra borrowing was vital to “fix broken Britain”.
Speaking to Sky News after the budget on Wednesday (30 October), the chancellor said: “I’m not going to make commitments to never change taxes again, that would be irresponsible, but this is a once-in-parliament budget to wipe the slate clean after the mess the Conservatives left us.”
