Live Eventsas a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! "Raising taxes would be a disaster for the UK - and particularly if increases are concentrated on a narrow base as Reeves tries to remain technically compliant with manifesto commitments. Such tax rises would be particularly distortionary and damaging to growth," writes Sunak. "The choice then is simple: spending cuts or tax rises. Respected City (of London) figures calculate that this shift means funding has actually been cheaper this fiscal year than in the previous two," Sunak claims.
