Reeves vows to 'grip the cost of living' - despite expectation of tax rises in budget

Chancellor Rachel Reeves has promised to "grip the outgo of living" successful the fund adjacent week.

Writing successful The Mirror newspaper, she acknowledged that precocious prices "hit mean families most" and that the system "feels stuck" for excessively many.

But astatine the aforesaid time, she is expected to rise taxes erstwhile she sets retired economical policies connected 26 November arsenic she seeks to span a multibillion-pound spread successful her spending plans.

"Delivering connected our committedness to marque radical amended disconnected is not imaginable if we don't get a grip connected inflation," Ms Reeves wrote successful The Sunday Times.

"It is simply a cardinal precursor to economical growth. It is indispensable to marque families amended disconnected and for businesses to thrive.

"There is an urgent request to easiness the unit connected households now. It volition necessitate nonstop enactment by this authorities to get ostentation nether control."

She said reforms would alteration the payment strategy from "trapping millions of radical connected benefits" to 1 "designed to assistance radical succeed".

It comes arsenic the authorities announced that rail fares volition beryllium frozen for the archetypal clip successful 30 years.

The fare frost applies to England and services tally by English bid operators.

And it volition prevention commuters connected much costly routes much than £300 a year.

Read more:
PM refuses to regularisation retired manifesto-breaking taxation rises
Will authorities little vigor bills successful the budget?

Among the rumoured measures successful the budget is an hold of the frost connected income taxation thresholds, which would spot much radical dragged into paying taxation for the archetypal clip oregon shifted into a higher complaint arsenic their wages spell up.

However, Conservative person Kemi Badenoch said Ms Reeves should "have the balls" to admit that specified a determination would breach Labour's manifesto committedness not to rise taxes connected moving people.