Starmer Hints at Possible Tax Hikes in Spring Statement

UK Prime Minister Keir Starmer has refused to rule out further tax increases or spending cuts in the upcoming Spring Statement. While he insists that major tax decisions were already made in the October Budget, he acknowledged that Chancellor Rachel Reeves may need to take additional measures to meet borrowing rules. The UK economy has weakened since October, raising concerns that the government may have to adjust its fiscal plans. Starmer's comments suggest that while no drastic tax hikes are expected, adjustments could still be on the table. The uncertainty leaves businesses and taxpayers waiting for clarity in next month’s announcement.