Amid all the wheezes that Chancellor Rachel Reeves is plotting to fix the ‘black hole’ in the public finances, she is now considering a ‘taxi tax’. According to reports this week, the Chancellor is likely to impose a blanket 20 per cent rate of VAT on all taxi rides. The industry is now expecting the government to standardise the system, with a blanket VAT rate applied across the board. The problem facing Rachel Reeves as she prepares her Budget is the same as it has always been for her. The ‘taxi tax’ is just the latest one to be added to Reeves’s list.