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Rachel Reeves may be forced to HIKE taxes after she wiped out £9billion of spending headroom, experts warn
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Rachel Reeves may be forced to HIKE taxes after she wiped out £9billion of spending headroom, experts warn

Rachel Reeves may be forced to HIKE taxes after she wiped out £9billion of spending headroom, experts warn
Source: The Sun
Published: Feb, 12 2025 08:17

RACHEL Reeves will be forced to hike taxes or slash spending after wiping out her £9.9billion economic buffer, experts have warned. The Chancellor’s remaining headroom is believed to have now evaporated due to weak growth and high interest rates. It means she risks breaking her non-negotiable fiscal rules not to borrow for day-to-day spending, and to get debt falling by the next election. Economists at the National Institute of Economic and Social Research presented Ms Reeves with the grim choice facing her.

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