Higher government spending and weaker income tax receipts have led to economic shortfall
Higher government spending and weaker income tax receipts have led to economic shortfall
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Chancellor on course to miss targets and spending promises as finances plunge deeper into the red
‘Iron-clad’ borrowing rules and a slowing economy threaten fresh raids this autumn
Chancellor Rachel Reeves announced a rise in taxes and increased welfare spending.
Chancellor to unveil series of tax hikes to fill black hole in public finances in highly anticipated Budget on Wednesday
With public finances deteriorating at speed, a repeat of her maiden Budget is now almost certain
Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules
