Chancellor Rachel Reeves has sparked concerns among businesses and taxpayers with the prospect of potential tax hikes. Despite the Chancellor saying she would not increase income tax – the Labour government have already warned of hard times ahead and those with the ‘broadest shoulders would have the biggest burden.’ As Reeves outlines Labour’s economic strategy, there is mounting speculation that higher taxes could be introduced to fund the party’s ambitious public spending plans, including significant investments in healthcare, education, and infrastructure. Critics warn that increasing taxes…