Rachel Reeves is expected to announce the date for the upcoming budget on Wednesday

Rachel Reeves is expected to announce the date for the upcoming budget on Wednesday

The U.K. government has named the date of its forthcoming Autumn Budget amid heightened pressure on Chancellor Rachel Reeves to resolve a fiscal conundrum.

Rachel Reeves has come under pressure after soaring borrowing costs reach 27-year highs

Sources tell The Independent the chancellor favours raising capital gains tax and introducing a gambling levy to plug the £40bn hole in public finances