Rachel Reeves admits 'we're looking at taxes' | LBC exclusive

Speaking on Tonight with Andrew Marr, the Chancellor was asked on four occasions whether she would look to raise income tax as part of the forthcoming Budget - a question she refused to answer.

Describing the country's public finances as a "mess", Reeves told LBC that "our economy's been through the mill" in recent years, insisting her past economic decisions had been made "in good faith".

Asked whether resigning as Chancellor would be the "honourable" thing to do should she resort to raising taxes, breaking Labour's manifesto pledge, Reeves stood firm.

"What do you think would happen in financial markets if I did that?" Reeves questioned.

"It depends who took over, I guess," Andrew retorted.

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