Reeves eyes tax hikes as economy suffers 'severe and long-lasting' Brexit impact

Contributing sentiments towards policy:

54% : The Chancellor said "of course, we're looking at tax and spending" as she prepares for her November 26 statement.
53% : "Already, people thought that the UK economy would be 4% smaller because of Brexit," she said.
53% : Of course, we're looking at tax and spending as well, but the numbers will always add up with me as Chancellor because we saw just three years ago what happens when a government, where the Conservatives, lost control of the public finances - inflation and interest rates went through the roof.
51% : "Now, of course, we are undoing some of that damage by the deal that we did with the EU earlier this year on food and farming, goods moving between us and the continent, on energy and electricity trading, on an ambitious youth mobility scheme.
49% : Rachel Reeves acknowledged she was looking at potential tax rises and spending cuts to fill a black hole in her Budget which she said was partly due to the lingering impact of Brexit.
49% : "But there is no doubting that the impact of Brexit is severe and long lasting and that's why we are trying to do trade deals around the world, US, India, but most importantly with the EU so that our exporters here in Britain have a chance to sell things made here all around the world.
45% : " The National Institute of Economic and Social Research (Niesr) has suggested Ms Reeves will need to find around £50 billion a year by 2029-39 to meet her goal of balancing day-to-day spending with tax revenues while maintaining "headroom" of around £10 billion against that target.
35% : Asked if she was now in a "doom loop" of having to constantly hike taxes to fill a black hole, Ms Reeves said she would not use those words but "nobody wants that cycle to end more than I do".

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