Video: Rachel Reeves admits she was wrong about taxes during election campaigning

Rachel Reeves, the Shadow Chancellor, has admitted that she was wrong about taxes during the election campaign.

In an interview with the BBC, Reeves said that she had "oversimplified" the issue of tax and that she now realized that it was more complex than she had thought.

Reeves' admission comes after months of criticism from the Conservative Party, which has accused her of being out of touch with the concerns of ordinary people.

Reeves' comments are a significant U-turn for the Labour Party, which has traditionally been seen as the party of high tax.

However, Reeves' comments suggest that the Labour Party is now willing to consider tax cuts in order to win back the support of voters.

The admission is a sign that the Labour Party is listening to the concerns of voters and is willing to change its policies in order to win back their support.

It is unclear whether Reeves' admission will be enough to convince voters that the Labour Party has changed its ways.

However, it is a sign that the Labour Party is listening to the concerns of voters and is willing to change its policies in order to win back their support.

Key Points

• Rachel Reeves, the Shadow Chancellor, has admitted that she was wrong about taxes during the election campaign.
• Reeves' comments are a significant U-turn for the Labour Party, which has traditionally been seen as the party of high tax.
• However, Reeves' comments suggest that the Labour Party is now willing to consider tax cuts in order to win back the support of voters.
• It is unclear whether Reeves' admission will be enough to convince voters that the Labour Party has changed its ways.