Rachel Reeves has attacked the Conservatives 34 times in the Commons for leaving Britain with a “£22billion black hole” – but a respected economic watchdog has now warned of a looming £50billion “gap” in UK finances.
The Chancellor’s woes have worsened with warnings that tax hikes and spending cuts of more than £50billion a year will be needed to plug a budget deficit and preserve Britain’s “buffer” against financial turmoil.
Ms Reeves has been blasted for coming to office without a “clear plan” with experts saying “substantial tax increases” will be needed in the autumn Budget if she is to avoid breaking her fiscal rules.
The National Institute of Economic and Social Research (NIESR) claims Ms Reeves faces an “impossible” set of choices – and warns the cost-of-living crisis is not over, with the living standards of the poorest people in Britain falling.
Continue reading at: https://www.express.co.uk/finance/personalfinance/2091635/bill-rachel-reeves-errors-landed-50bn-you-are-going-to-pay-it
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Дата на публикация: 12 август, 2025
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