Bosses say Rachel Reeves, the Chancellor, must raise taxes in her November budget if she cannot cut public spending - Jordan Pettitt/Getty Images Rachel Reeves must increase income tax to fix the public finances and re-establish credibility in Britain’s Treasury, the Institute of Directors (IoD) has said. In an unprecedented call for a major tax rise, the leading business group said the damage done by last year’s raid on employers combined with the Government’s inability to cut spending had left the Chan ...