Labour’s pledge not to raise taxes on ‘working people’ leaves the chancellor with a limited number of workable options to fill a massive black hole in the public finances

Chancellor on course to miss targets and spending promises as finances plunge deeper into the red

Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules

Rachel Reeves will have to increase taxes substantially this autumn to fill a £50billion black hole, economists warned last night.

Labour’s pledge not to raise taxes on ‘working people’ leaves the chancellor with a limited number of workable options to fill a massive black hole in the public finances

Labour prime pledged that plans to be set out in the autumn would make ‘sure people feel better off’