Chancellor refuses to rule out tax rises but promises 'breathing room'

By ITV News

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The chancellor has refused to rule out any tax rises in the upcoming Budget, but promised to give businesses and families "breathing room", in an exclusive interview with ITV News. John Healey, newly in Number 11 after being appointed by Prime Minister Andy Burnham, insisted policies already announced - such as cutting hospitality business rates and removing VAT on energy bills - are fully funded, but he appeared to leave the door open for tax rises to fund further cost-of-living measures. • Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj • Get breaking news and more stories at http://www.itv.com/news Follow ITV News on TikTok https://www.tiktok.com/@itvnews?lang=en Follow ITV News on Instagram: https://www.instagram.com/itvnews/ Follow ITV News on Facebook: https://www.facebook.com/itvnews/ Follow ITV News on X: https://twitter.com/itvnews

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