Chancellor hints at tax and spend shift to cushion Budget

Reeves did not rule out the possibility of tax rises when asked if she was considering them ahead of the Budget, adding that economic growth would be "a big part of the Budget story".

The implication is that the ยฃ9.9bn buffer she allowed herself in last year's budget is not sufficient to provide resilience against changing circumstances.

Speaking at a gathering of business leaders in Saudi Arabia, Rachel Reeves said she wanted to ensure the UK had "sufficient headroom" to provide resilience against future shocks.

The chancellor has confirmed both tax rises and

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