Steeper UK productivity cut of more than £20bn makes tax rises more likely
NegativeWorld Affairs

Rachel Reeves is facing a significant challenge as the UK public finances are set to take a £20 billion hit, according to a revised forecast from the Office for Budget Responsibility (OBR). This unexpected downturn raises concerns about potential tax increases in the upcoming budget on November 26. The situation is critical as it could impact Labour's fiscal strategy and the overall economic outlook for the UK, making it a topic of great importance for both policymakers and the public.
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