Tag: UK budget crisis
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Harper Maddox
- 7 August 2025
Rachel Reeves Confronts £50bn Budget Black Hole as Tax Rise Fears Grow
Rachel Reeves has to close a £50bn gap in Britain’s public finances, triggering warnings of higher taxes despite Labour’s election pledges. With slow economic growth and mounting borrowing, tough choices loom over spending and possible new tax hikes.
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