Productivity downgrade may add Β£20bn to Budget hole

Rachel Reeves is widely expected to raise taxes in the upcoming Budget

The Treasury declined to comment on "speculation" ahead of the Office for Budget Responsibility's (OBR) final forecast, which will be published on 26 November alongside the Budget.

Rachel Reeves has confirmed both tax rises and spending cuts are options in next month's Budget.

A downgrade to the UK's productivity performance fro

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