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Reeves faces £18 billion black hole if she fails to boost productivity
The Institute for Fiscal Studies (IFS) said the Chancellor is banking on making ambitious efficiencies - but that if she fails to meet her targets, she could be forced to top up her spending plans
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telegraph.co.uk
Reeves to blame black hole on Tories as OBR slashes forecasts
Expected productivity downgrade to leave Britons facing additional tax rises of at least £8bn
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dailymail.co.uk
Tax fears grow as Reeves faces new £9bn black hole ahead of Budget
Allan Monks, UK economist at JPMorgan, told the Financial Times that even shaving 0.1 or 0.2 per cent from productivity would leave a hole of between £9billion and £18billion.
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Reeves faces £18 billion black hole if she fails to boost productivity
The Institute for Fiscal Studies (IFS) said the Chancellor is banking on making ambitious efficiencies - but that if she fails to meet her targets, she could be forced to top up…
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Reeves borrows extra £11bn as spending and debt costs spiral – latest updates
The Treasury has borrowed more than forecast so far this year, official figures show, raising pressure on Rachel Reeves as she seeks to fill a gaping hole in the public finances.