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chancellor Rachel Reeves refused to refuse further tax increasesBut said they are “less essential” after November Budget,
Ms. Reeves Taxes increased by £26 billion in BudgetWhich also includes stabilizing the income tax limit.
in an interview with i paperHe said that these steps have provided cover to the government for problems arising in “”.incredibly unstable” World.
He said: “What I did in the Budget a few weeks ago was to more than double the fiscal headroom that the Government has, which means that when further disruptions and shocks come our way – we are better able to absorb those types of shocks, which will mean that further changes to taxes are less necessary.”
He declined to make predictions about future steps because “it would be wrong to start writing future budgets a few weeks after the last one”.
Ms Reeves said helping people get on the housing ladder by keeping interest rates low was a key issue.
“Home ownership has been in decline over the last 10 or 15 years,” he said.
“I want to move in the other direction and enable more people to get mortgages and get on the housing ladder, because I know that’s an aspiration for a lot of people.”
He supported the proposals for more flexible mortgages under consideration financial conduct authorityWhich will allow people to “borrow more and borrow a larger multiple of your income.”