A downgrade in the productivity figures could leave Reeves with a bigger fiscal gap
Notifications can be managed in browser preferences.
Swipe for next article
A downgrade in the productivity figures could leave Reeves with a bigger fiscal gap
I would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice
Rachel Reeves could be facing a larger than expected blackhole in the nation’s finances as she prepares for next month’s Budget amid reports that the fiscal watchdog could be about to downgrade the UK’s productivity performance.
Expected productivity downgrade to leave Britons facing additional tax rises of at least £8bn
Chancellor to unveil series of tax hikes to fill black hole in public finances in highly anticipated Budget on Wednesday
The fiscal watchdog said the chancellor knew about its revised prediction well before she changed course to raise taxes
Allan Monks, UK economist at JPMorgan, told the Financial Times that even shaving 0.1 or 0.2 per cent from productivity would…
Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules
Chancellor on course to miss targets and spending promises as finances plunge deeper into the red
