Chancellor

Nov. 4 (UPI) — British Chancellor Rachel Reeves signaled Tuesday that she was likely to raise taxes on ordinary people in her upcoming budget this month in spite of an election pledge by the Labour government it would not do so.

In a speech in Downing Street, Reeves said she would make “the choices necessary” to ensure the foundation of the economy was sufficiently strong for the government to deliver on its mandate to protect the NHS, get down the national debt and rebuild the economy.

Notably, she did not repeat the manifesto pledge the party ran on in the 2024 general election, in which it swept to power to leave untouched the three main taxes — income tax, National Insurance and VAT.

Instead, seeking to explain her actions in advance of her watershed budget, which she will deliver to Parliament on Nov. 26, she said people needed to “understand the circumstances we are facing” and that everyone needed to do their bit to rectify the situation.

“As I take my decisions on both tax and spend I will do what is necessary to protect families from high inflation and interest rates, to protect our public services from a return to austerity and to ensure that the economy that we hand down to future generations is secure, with debt under control.

“If we are to build the future of Britain together, we will all have to contribute to that effort. Each of us must do our bit for the security of our country and the brightness of its future.”

Reeves dangled the prospect of rewards down the line, stating that getting it right now would yield more resilient public finances with the headroom to withstand global shocks, which in turn would provide businesses with the confidence to invest.

She said that would in turn leave the government with more leeway to act when necessary, investing in infrastructure and industry to build a stronger economy and get down the cost of government debt, spending less on interest and more and schools and the NHS.

Reeves is betting on the budget, her second, to win the endorsement of the market for her management of the country’s finances by showing she can stick to the fiscal rules she set for herself in October 2024.

Those rules state she must balance spending with revenue — within a plus or minus margin of 0.5% of GDP — within five years, meaning no borrowing for everyday spending from the 2029-30 financial year onward. In addition, the ratio of government debt to GDP must begin falling within the same timeframe.

To do that, however, she must demonstrate how she plans to plug a fiscal hole of as much as $40 billion and boost lackluster economic growth.

The only options to close the gap and balance the books are a return to austerity — which the government has categorically ruled out — or boost the amount of money flowing into government coffers.

Reeves raised some taxes on business in her first budget in November 2024 and to come back for more after promising she would not do so, particulary when it comes to raising the basic rate of income tax — currently 20% — is very high risk, politically.

It hasn’t been done for 50 years and it didn’t work out well for then-Labour government with the country plunged into a currency crisis and forced to seek a bailout loan from the IMF.

Reeves mostly laid blame at the feet of the previous Conservative administration’s policies, including Brexit, austerity and cuts to infrastructure spending, all of which she said had led to falling productivity.

She also cited high inflation globally and economic uncertainty created by the trade tariffs imposed by U.S. President Donald Trump in recent months.

Conservative shadow chancellor, Mel Stride, said it was now certain tax hikes for families and businesses were on the way.

He said that if Reeves proceeded to go back on her word, she should quit.

Daisy Cooper, Treasury spokesperson for the Liberal Democrats, said the government could no longer dodge responsibility.

“It’s clear that this budget will be a bitter pill to swallow as the government seems to have run out of excuses,” she said.

A large group of former UCLA football players sent a letter to chancellor Julio Frenk earlier this month asking for besieged athletic director Martin Jarmond to be replaced “to reestablish the university’s commitment to excellence, both on and off the field.”

The 64 players, who represent multiple eras of UCLA football spanning coaches Bob Toledo to Chip Kelly and include several who went on to play in the NFL, wrote to “express deep concern with the current direction of UCLA Athletics under Martin Jarmond. Despite the resources, history, and opportunities at his disposal, Mr. Jarmond has not demonstrated the level of leadership or vision consistent with UCLA’s proud legacy. Rather than building on the foundations of greatness established by those before him, his tenure has fallen short of advancing UCLA to its rightful place among the nation’s premier programs.

“UCLA deserves an athletic director who understands that this role is not merely about administration, but about stewardship of a legacy — one rooted in excellence, historic achievement, and national leadership. Unfortunately, Mr. Jarmond has not embodied these values, nor has he positioned UCLA Athletics to rise to the standard its history demands.”

The letter went on to call for new leadership, saying it was part of a movement “bigger than any one of us. Former players have joined forces — through countless calls, texts, and meetings — to push this cause forward. We are united in our commitment to protecting the proud legacy of UCLA football and athletics.”

A UCLA spokesperson did not immediately respond to a request for comment.

Jarmond has come under fire since the dismissal of coach DeShaun Foster after only 15 games illuminated the athletic director’s stewardship of the football program. Jarmond’s refusal to fire Kelly before Kelly abruptly left in February 2024 to take a job as offensive coordinator at Ohio State led to the whirlwind hiring of Foster, a position coach whose deficiencies as a head coach were on full display while posting a 5-10 record that included an 0-3 start this season.

Others have since criticized Jarmond for a broad range of shortcomings, including an insufficient response to leaked donor data, lowered expectations for success involving a once-proud football program and carte blanch spending that has led to staggering athletic department deficits.

A petition seeking Jarmond’s removal or resignation garnered 1,462 signatures and a mobile billboard truck circled Westwood with messages such as “UCLA Football Deserves Better Fire AD Martin Jarmond” and “$7 Million Buyout for UCLA’s AD? Failure Never Paid So Well.”

Some have questioned why Jarmond was granted a contract extension in May 2024, at a time when UCLA was transitioning from outgoing chancellor Gene Block to Frenk. According to the terms of that extension, Jarmond would be owed roughly $7.1 million, or the full amount of a contract that runs through June 30, 2029, if he was terminated without cause.

Many appear to want him gone before then. Before each of the football team’s last two home games at the Rose Bowl, an airplane has flown over the stadium pulling a banner calling for his dismissal.

The voyages of the starship Enterprise will include a 5½-mile stretch in Pasadena on New Year’s Day.

The iconic “Star Trek” flagship will be prominently featured on the franchise’s 2026 Rose Parade float, which celebrates the 60th anniversary of the storied sci-fi franchise. The design for the Star Trek 60 “Space for Everybody” entry was revealed on Monday.

In addition to the USS Enterprise and its bridge — where yet-to-be-announced actors will be stationed — the float will feature an homage to Vasquez Rocks, the local landmark where “Star Trek” has filmed, as well as the franchise’s future version of San Francisco, where Starfleet is headquartered. The design also incorporates planets and transporters.

As previously announced, the float’s design is meant to reflect values that “Star Trek” champions: hope, inclusivity, exploration and unity. It was designed by artist John Ramirez and will be built by the team at Artistic Entertainment Services.

The float will also promote the upcoming Paramount+ series “Star Trek: Starfleet Academy,” which stars Holly Hunter as a starship captain and chancellor leading the academy’s first new crop of cadets in more than 100 years. The show will premiere next year.

The theme for the 2026 Rose Parade is “The Magic in Teamwork,” which is meant to celebrate “the sense of accomplishment in knowing that by working together, we can collectively achieve outcomes so much richer than we can ever experience as individuals,” according to the Tournament of Roses website.

The Rose Parade float will kick off “Star Trek’s” yearlong celebration of its 60th anniversary, which will also include additional new shows, Lego sets and even a cruise.