Chancellor Rachel Reeves warns rich will have to 'contribute' more taxes

Rachel Reeves today confirmed she's looking at tax rises and spending cuts next month as she attempts to plug a hole in the public finances.The Chancellor said the Government needed to ensure there is 'sufficient headroom' above its spending plans when she reveals her next fiscal package on 26 November.Ms Reeves hinted the wealthiest will have to 'contribute' more, having previously vowed to try and keep taxes for working people 'as low as possible'.She spoke in Riyadh on Monday after she jetted to Saudi Arabia to push through a trade deal with countries in the Gulf Co-operation Council.She is currently trying to convince official forecasters of her efforts to boost economic growth ahead of her Budget .