Is Rachel Reeves About to Drop a Tax Bombshell on the UK Economy?

Update: 2025-06-12

Description

It’s almost enough to make you feel sorry for the Chancellor, writes City AM’s Editor in Chief, Christian May.

Just days after u-turning on welfare cuts because “the economy has turned a corner” and just hours after promising a period of “national renewal”, official data reveals the UK economy shrank in April.

In this episode of Week in Business, Christian examines Reeves' spending review, the economy shrinking in April, and signs of 'inevitable' tax rises in the Autumn Budget.

Week in Business is also available in video format here.

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