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UK's Reeves says taxes on wealthy 'will be part of the story' in next budget, Guardian reports

Published by Global Banking & Finance Review

Posted on October 15, 2025

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· Last updated: January 21, 2026

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UK's Reeves says taxes on wealthy 'will be part of the story' in next budget, Guardian reports
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LONDON (Reuters) -British finance minister Rachel Reeves has said higher taxes on the wealthy will be part of the story of her November 26 budget, the Guardian newspaper reported on Wednesday, citing

UK's Rachel Reeves Confirms Wealthy Tax Increases in Upcoming Budget

Overview of Proposed Tax Changes

LONDON (Reuters) -British finance minister Rachel Reeves has said higher taxes on the wealthy will be part of the story of her November 26 budget, the Guardian newspaper reported on Wednesday, citing comments from an interview.

Asked whether higher taxes on the wealthy would feature in the budget, the report quoted Reeves as saying “that will be part of the story”.

The report added she had declined to comment on specific budget measures.

(Reporting by William James; Editing by Chris Reese)

Key Takeaways

  • Rachel Reeves confirms tax increases for the wealthy in the upcoming budget.
  • The budget announcement is scheduled for November 26.
  • Specific measures of the budget remain undisclosed.
  • The Guardian reported the interview with Reeves.
  • The focus is on addressing economic challenges.

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