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The chancellor cannot rule out more tax rises in the next five years, despite raising the burden to its highest level since comparable records began.

Speaking to Sky News following Labour’s first fiscal event since 2010, Rachel Reeves said it would be “irresponsible” to promise there will not be further tax rises.

However, she suggested that the scale of today’s tax hike – £40bn – was a “once in a parliament” event.

Follow latest: Biggest tax-raising budget since 1993

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Watch the full interview

Speaking to Sky News political editor Beth Rigby, Ms Reeves said: “I’m not going to make a commitment to never change taxes again.

“That would be irresponsible.

“But this is a once-in-a-parliament budget to wipe the slate clean after the mess that the Conservatives have left us.”

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The chancellor was asked if she accepted that by raising taxes in such a drastic fashion, she had broken Labour’s manifesto – the document in which a government lays out its policy position before an election.

“I accept that this is a big and a substantial budget,” the chancellor answered.

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Budget 2024: Key takeaways

“It wasn’t the budget that I was expecting to deliver.

“When I became chancellor on 5 July, I didn’t think that any government would be so reckless to have £22bn of unfunded commitments.”

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Chancellor looks to raise £40bn in taxes

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Promise of short-term pain for long-term gain

An analysis provided by the OBR did not confirm Ms Reeves assertion of a £22bn “black hole” – saying it was impossible to calculate exactly how much money the Treasury had not told the watchdog about.

But it did say the March forecast would have had to be redone if they had been told about spending pressures not mentioned to them at the time.

Government documents released today broke down the pressures – including £7.3bn for health and social care, £3,1bn for education, £7.1bn for the Home Office and £4.4bn for defence.

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‘This budget raises taxes by £40bn’

Speaking to Sky News, Ms Reeves defended pay rises awarded to the public sector since Labour took power.

She said the last government set the remit for the pay review bodies but “hadn’t set an affordability criteria”.

And the chancellor said the huge injection of cash into the NHS – more than £20bn – was needed because otherwise appointments would have to be reduced.

‘No one’s ever compared me to Jeremy Corbyn before’

All of these measures were in the spirit of the “first step in our manifesto”, according to Ms Reeves, which was “to return stability to our economy”.

“That is the most important thing that I had to do as chancellor, and we do have a mandate to bring that stability back to the economy.”

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Asked if her increase in tax and spending was comparable to Jeremy Corbyn’s manifesto promises in 2017 and 2019, the chancellor said: “No one’s ever compared me to Jeremy Corbyn before. I stood down from his shadow cabinet because I disagreed with everything that he was doing.

“But if you’re faced with a situation where there’s a £22bn black hole in the public finances, you can either sweep that under the carpet or you can be open and transparent and honest with people about the situation you find yourself in.”

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Starmer urges anyone with information on Epstein case to come forward – after Andrew misses Congress deadline

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Deadline day for Andrew to respond to Epstein inquiry - but it's hard to imagine why he'd talk

Sir Keir Starmer has urged anyone with information on the Jeffrey Epstein case to come forward after Andrew Mountbatten Windsor missed the deadline to appear in front of US Congress.

US legislators have criticised Andrew for what they describe as “silence” amid their probe into Epstein after he failed to respond to their request for an interview.

When asked about Andrew missing the deadline and whether the former prince should help the case in any way he can, Sir Keir said on his way to the G20 summit in South Africa: “I don’t comment on this particular case.”

He added that “a general principle I’ve held for a very long time is that anybody who has got relevant information in relation to these kind of cases should give that evidence to those that need it”.

Andrew is not legally obliged to talk to Congress and has always vigorously denied any wrongdoing.

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Sir Keir Starmer spoke to reporters on his way to the G20 in South Africa. Pic: Reuters
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Sir Keir Starmer spoke to reporters on his way to the G20 in South Africa. Pic: Reuters

It comes as Marjorie Taylor Greene, a loyal supporter-turned-critic of US President Donald Trump, said on Friday she is resigning from Congress in January.

Ms Greene’s resignation followed a public falling-out with Mr Trump in recent months, as the congresswoman criticised him for his stance on files related to Epstein, as well as on foreign policy and healthcare.

Members of the House Oversight Committee had requested a “transcribed interview” with Andrew in connection with his “long-standing friendship” with Epstein, the paedophile financier who took his own life in a New York prison in 2019 while awaiting trial on sex trafficking and conspiracy charges.

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Releasing the Epstein files: How we got here

But after saying they had not heard back, Democrats Robert Garcia and Suhas Subramanyam accused Andrew of hiding.

Their statement read: “Andrew Mountbatten Windsor’s silence in the face of the Oversight Democrat’s demand for testimony speaks volumes.

“The documents we’ve reviewed, along with public records and Virginia Roberts Giuffre’s testimony, raise serious questions he must answer, yet he continues to hide.

“Our work will move forward with or without him, and we will hold anyone who was involved in these crimes accountable, no matter their wealth, status, or political party. We will get justice for the survivors.”

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The new Epstein files: The key takeaways

It follows Andrew being stripped of his prince and Duke of York titles earlier this month.

He had previously agreed to stop using his titles, but had expected to remain a prince and retain his dukedom, ahead of the publication of the memoirs of the late Ms Giuffre, who had accused him of sexually assaulting her when she was a teenager – an accusation he denies.

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Girl, 13, arrested on suspicion of murdering woman in Swindon

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Girl, 13, arrested on suspicion of murdering woman in Swindon

A 13-year-old girl has been arrested on suspicion of murdering a woman in Swindon.

Police said the teenager was detained following an incident in Baydon Close, Moredon, in the Wiltshire town on Friday evening.

Officers responded to reports of disorder inside a house. When they arrived, a woman in her 50s living at the address was found to be not breathing. She was declared dead at the scene.

There were no other reported injuries.

Forensic officers are at the scene to collect evidence
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Forensic officers are at the scene to collect evidence

Detective Inspector Darren Ambrose, from Wiltshire Police’s major crime investigation team, said: “This is a serious incident in which a woman has sadly died.

“We have set up a cordon at the address while an investigation is carried out.

“I can confirm that we have arrested a teenage girl in connection with this incident and we are not looking for anyone else.”

Police have asked people not to speculate about the incident online as this could prejudice the case.

A police statement read: “Residents can expect to see an increased police presence in the area while we continue carrying out our enquiries into the woman’s death.

“The suspect remains in custody at this time.”

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Police said anyone with concerns should speak with their local neighbourhood policing team, either by emailing or approaching officers in person.

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Rail fares to be frozen for first time in 30 years

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Rail fares to be frozen for first time in 30 years

Rail fares are to be frozen for the first time in 30 years, the government has announced.

Ministers promised that millions of rail travellers will save hundreds of pounds on regulated fares, including season tickets and peak and off-peak returns between major cities.

The fare freeze applies to England and services run by English train operators.

People commuting to work three days a week using flexi-season tickets will save £315 a year travelling from Milton Keynes to London, £173 travelling from Woking to London and £57 from Bradford to Leeds, the government said.

The changes are part of Labour’s plans to rebuild a publicly owned Great British Railways. Other planned changes include tap in-tap out and digital ticketing, as well as investing in superfast Wi-Fi.

The freeze applies to regulated fares, including season tickets and peak and off-peak returns. Pic: iStock
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The freeze applies to regulated fares, including season tickets and peak and off-peak returns. Pic: iStock

Chancellor Rachel Reeves said the government was introducing a freeze on rail fares for the first time in 30 years, which “will ease the pressure on household finances and make travelling to work, school or to visit friends and family that bit easier”.

“We all want to see cheaper rail travel, so we’re freezing fares to help millions of passengers save money,” Transport Secretary Heidi Alexander said.

“Commuters on more expensive routes will save more than £300 per year, meaning they keep more of their hard-earned cash.”

Rail unions and passenger groups welcomed the move, praising how it will make travel more affordable for passengers and promote more sustainable travel alternatives.

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Eddie Dempsey, general secretary of the Rail, Maritime and Transport union, said: “More affordable fares will encourage greater use of public transport, supporting jobs, giving a shot in the arm to local economies and helping to improve the environment.”

TUC general secretary Paul Nowak said the rail fare freeze “will be a huge relief to working people”.

“This is the right decision, at the right time, to help passengers be able to afford to make that journey they need to take, and to help grow our railway in this country, because the railway is Britain’s green alternative – taking cars and lorries off our congested roads and moving people and goods safely around our country in an environmentally-friendly way,” Mick Whelan, general secretary of the train drivers union Aslef, said.

The Tories welcomed the move but said the government was “late to the platform”.

Shadow transport secretary Richard Holden said: “In government, the Conservatives kept fares on the right track with below-inflation rises and consistently called for no further hikes to protect hard-working commuters.”

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