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The autumn budget will take place on 26 November, Treasury announced

Richard Partington

Richard Partington is the Guardian’s senior economic reporter.

The Treasury announced that Rachel Reeves’ autumn budget would take place on November 26, and speculation was made on tax increases.

When the government is under pressure on the economy, the chancellor before Measures designed to restart growth It would form the basis of the highly anticipated tax and expenditure plans.

End of November Budget History will give Reeves time Prepare the ground for potential tax changesAt the end of September, the Labor Party went to Liverpool on the way to a high -betting party conference season to increase the possibility of the conference season.

It is understood that Reeves have Discovering several income upgrade measures In the summer, increasing borrowing costs, a stagnant growth appearance, higher inflation and welfare U-transformation may reveal a deficiency of £ 40 billion in government financing.

However, Chancellor and the Prime Minister committed to remain adhering to Labour’s manifesto, promised not to increase taxes on “working people, including income tax, national insurance and VAT.

Reeves came under pressure by leftist Labor Party MPs and campaigns To think about bringing a reserve tax. While the Chancellor special ignores such a step, he investigates options to collect more money than richer taxpayers, including inheritance and property taxes, as well as changes in capital income tax.

Announcing the history of the budget, the Treasury said that Reeves was assigned. Budget Responsibility Office Preparing estimates for economy and public finances. The chancellor should make a 10 -week notification to the independent observer.

He hopes that the news from the UK economy in the Treasury can recover before the budget day and that the chancellor can help to hit a more optimistic ton after a difficult first year.

Reeves can benefit from updated International Monetary Fund Estimates at the annual meeting of Washington in mid -October.

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