Chancellor Rachel Reeves said she won't have to do 'a Budget like this ever again' as addressed an audience of business leaders following a backlash over tax hikes

RACHEL Reeves boldly  insisted last night  there will be no further  tax rises during her time as Chancellor. Her dramatic claim to a frosty reception from business leaders came as McVitie’s

British finance minister Rachel Reeves on Monday said she would never have to repeat the tax hikes of her first budget, an attempt to reassure businesses that were caught off-guard by a 25 billion-pound ($31 billion) tax rise.

Independent business economist Andrew Sentance, who is a former CBI Director of Economic Affairs, says CBI boss Rain Newton Smith needs to be stronger in her response to the Budget, which has been unpopular among businesses.

Chancellor Rachel Reeves has told businesses she is "not coming back with more borrowing or more taxes" as she defended the tax rises on businesses announced in the Budget. Reeves told the Confederation of British Industry (CBI) conference that despite "a lot of feedback" on her tax and spending plans, she had not heard many alternatives.

A number of Tuesday's newspapers lead with Chancellor Rachel Reeves defending the Budget and ruling out further tax rises. The Daily Mail says that in a bid to head off a "growing

Tax rises like this must never be just done to business, CBI chief tells Reeves - Rain Newton-Smith said ‘tax rises like this must never again be simply done to business’

Rachel Reeves is due to come face to face with firms at the Confederation of British Industry ’s ( CBI) amid backlash over her autumn Budget, reiterating that she stands by her choices. The chief executive of the CBI will warn in a speech on Monday that the measures announced last month have made it harder for businesses to “take a chance” on hiring new people.