Rachel Reeves Admits She Was ‘Wrong’ to Say Taxes Would Not Have to Rise During Election Campaign

Shadow Chancellor Says She ‘Got It Wrong’ After Massive U-Turn on Tax Pledge

Rachel Reeves has admitted she was "wrong" to say taxes would not have to rise during the election campaign, in a major U-turn on Labour's tax pledge.

The Shadow Chancellor said she "got it wrong" after facing criticism from both within her own party and from the Conservatives.

Reeves: 'I Got It Wrong'

"I said during the election campaign that I didn't think taxes would have to rise," Reeves said in an interview with the BBC.

"I got that wrong. I accept that. And I'm sorry for the confusion that caused."

Massive U-Turn on Tax Pledge

Reeves' admission comes after Labour leader Keir Starmer said that the party would have to "look at all options" to raise revenue, including tax rises.

This represents a major U-turn on Labour's tax pledge, which was a key part of the party's election campaign.

Criticism from Within Labour

Reeves' admission has been met with criticism from some within the Labour Party.

Former Shadow Chancellor John McDonnell said that Reeves' U-turn was a "betrayal" of Labour's values.

Criticism from the Conservatives

The Conservatives have also been critical of Reeves' U-turn.

Chancellor Rishi Sunak said that Reeves' admission showed that Labour was "not fit to govern."