Income tax rise only way to plug new £20bn Budget black hole, economists warn Reeves

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Economists say trying to balance the books by raising smaller taxes risks ‘unnecessary amounts of economic damage’

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Raising income tax or slashing public spending is the only way Rachel Reeves can balance her Budget, top economists have warned, after grim news on a key economic indicator left her with an extra £20bn black hole.

Income tax rise only way to plug new £20bn Budget black hole, economists warn Reeves

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