Rachel Reeves | Pre-Budget speech sets stage for tax rises - what does it mean for employers?

Chancellor Rachel Reeves used a rare pre-Budget speech this morning (November 4) to lay out the “principles and choices” shaping the Autumn Budget in 22 days’ time, pointing to a tougher fiscal backdrop and warning that the government must be “to deal with the world as we find it, not the world as I would wish it to be.”

Markets and Westminster read it as clear preparation for tax rises to plug a sizeable hole in the public finances.