Faisal Islam: Reeves pre-emptively justifies tax rises

Rachel Reeves pre-emptively justifies possible tax rises in Liverpool ahead of the November Budget, citing global economic challenges and UK's productivity performance forecast by the OBR. Reeves hints at upcoming tough decisions and blames previous administrations for long-term economic damage. The government's focus is on responsible management of public finances to address financial gaps, considering various options like scrapping tax breaks and allowances to bridge public finance deficits revealed by the OBR. The Budget's specifics are still pending and dependent on OBR's forecasting; decisions will be made post OBR's presentation to Reeves, paving the way for potential tax adjustments amidst ongoing global uncertainties.