Reeves admits she's looking at tax rises and spending cuts in Budget

"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."

"Rachel Reeves has admitted she is looking at tax rises and spending cuts to fill a massive financial black hole in her Budget. Asked about the state of the UK economy as she prepares to deliver her statement in November, the Chancellor said of course, we're looking at tax and spending. Ms Reeves was speaking before heading to the United States for a meeting of the International Monetary Fund (IMF)."

The Independent covers topics from reproductive rights and climate change to Big Tech and investigates financial and political issues while producing documentaries and seeking donations to fund reporting. The outlet stresses the importance of parsing facts from messaging, sends reporters to speak to both sides, and remains accessible without paywalls, funded by supporters who can afford it. Chancellor Rachel Reeves has admitted she is looking at tax rises and spending cuts to fill a financial black hole in the Budget and said she is considering tax and spending measures. The IMF warned UK inflation is set to surge to the highest in the G7 in 2025 and 2026, raised the growth forecast for this year but cut its 2026 outlook amid labour market concerns, and noted Britain will be the second fastest growing G7 country this year after the US. Reeves pinned part of the economic strain on Brexit, saying it has had a severe and long-lasting impact.

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