Budget situation is desperate', Reeves told as experts say she must raise big taxes

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"Rachel Reeves has been warned by some of the country's leading experts that she has no choice but to raise major taxes and reform others at the Budget if she is to turn Britain's desperate economic situation around. The chancellor is facing a black hole of up to 50bn in the government's finances and is widely expected to hike levies next month, but she has been warned she cannot afford to tinker at the margins by picking from a Scrabble bag of smaller tax increases. Leading tax expert Dan Neidle, the founder of Tax Policy Associates, said the wise way for Ms Reeves to increase taxes would be raising one of the main taxes, possibly by expanding the base of VAT, which may or may not break a manifesto pledge. He warned that the less wise way to do it is by picking from a Scrabble bag of lots of little tax rises."

The Independent covers reproductive rights, climate change, and Big Tech and produces documentaries like 'The A Word' about American women fighting for reproductive rights. The outlet solicits donations to fund on-the-ground reporting, keeps reporting free of paywalls, and asks supporters to contribute if able. Rachel Reeves faces warnings from leading experts to raise major taxes or reform others at the Budget to address a government fiscal shortfall of up to 50bn. Economists say Labour U-turns, higher borrowing, and sluggish growth mean tax increases or a revision of borrowing rules are necessary. Dan Neidle recommends raising a main tax, possibly by expanding the VAT base, and cautions against many small tax rises.

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