Reeves urged to raise taxes in dim new UK growth forecast
Briefly

The Independent highlights its commitment to providing accessible journalism amid crucial issues like reproductive rights, climate change, and economic challenges. The article notes specific pressures on UK Chancellor Rachel Reeves due to a downgraded growth forecast and rising state borrowing, urging her to consider tax increases and public spending cuts. It also references calls from the OECD for immediate action in her upcoming Spending Review and discussions around defense spending in light of economic constraints influenced by external factors such as Donald Trump's trade policies.
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The OECD has warned the chancellor to step up efforts to bolster her fiscal headroom and act within days.
Chancellor Rachel Reeves faces pressure after a higher-than-expected rise in state borrowing, with calls for tax increases and cuts to public spending.
Amid rising prices and Donald Trump's trade war, the government is warned about the need for funding plans outlined in a major defence review.
Read at www.independent.co.uk
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