How to balance the UK books: six options open to Rachel Reeves - short news
From spending cuts to tax rises, we rank the likelihood of ways the chancellor can plug the gap after Labour’s welfare bill climbdown
Rachel Reeves is under pressure to tackle a multibillion-pound shortfall in the government finances.
Labour’s high-stakes welfare U-turn and a spike in bond markets triggered by speculation over the chancellor’s position has dragged the government’s tax and spending plans into the spotlight.
Continue reading...source: The Guardian - 04.07.2025