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Reeves warned tax hikes risk sending UK economy into a 'doom loop'
In a bleak report ahead of the Budget in November, the Office for National Statistics revealed the Government borrowed £18billion last month alone as it spent more on the state than it raised in tax.
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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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telegraph.co.uk
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.
