In signalling a rise in tax, including the basic rate, Rachel Reeves is in danger of making the same mistake as another Labour chancellor half a century ago, says Simon Walters R achel Reeves loves to cast herself as the heir to Gordon Brown , the former Labour prime minister and chancellor credited with leading the world’s response to the 2008 global financial crash . She was at it again in her pre-Budget speech at 11 Downing Street , underlining her “iron-clad” determination to sort out the