Fears are growing that Labour could be planning a new tax raid after Rachel Reeves refused to repeat her recent pledge not to repeat her £40bn Budget hikes. The chancellor was pressed on the issue in the Commons by shadow chancellor Mel Stride, and again at a conference in the North of England, over her promise last week to the CBI conference.

Rachel Reeves has appeared to drop her pledge to not “come back for more tax” from businesses after she refused four times to repeat the vow.The Chancellor told business leaders last week she would not need to increase taxes further after raising employer National Insurance contributions by £25 billion at the Budget.

The chancellor has said she will not need to raise taxes to "top up" public spending, after facing pressure to spell out her future tax plans. Rachel Reeves made headlines last week by telling a business conference she would not be "coming back" with tax hikes in the coming years.

Chancellor Rachel Reeves said critics had presented 'no real alternatives' to her Budget plans for £40billion-a-year in tax rises to fund the NHS and cash-strapped public services

Rachel Reeves has refused to repeat a promise made to business leaders just a week ago not to raise taxes again. Meanwhile, talks between Keir Starmer and the Greek PM have reignited debate over the future of the Elgin Marbles.

Fears are growing that Labour could be planning a new tax raid after Rachel Reeves refused to repeat her recent pledge to leave rates unchanged.The chancellor was pressed on the issue in the Commons by shadow chancellor Mel Stride,

The chancellor increased taxes by £40bn in October, with the lion's share funded by a £25bn rise in employers' National Insurance.