Raising VAT would cut spending power TWICE as much as raising income tax, Rachel Reeves is warned

Daily Mail // Business // Money

Raising VAT would cut spending power TWICE as much as raising income tax, Rachel Reeves is warned

Thursday 16th October 2025, 11:01PM

The Chancellor has been warned that raising VAT in the Autumn Budget would have a more detrimental effect on the economy than income tax hikes.

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