The Independent emphasizes the need for quality journalism during critical times, particularly regarding issues like reproductive rights and the economy. With increasing pressures on Chancellor Rachel Reeves, experts from the Institute for Fiscal Studies warn that she may have no choice but to enforce new tax hikes or spending cuts. This comes as her financial buffer created from the last Budget is effectively diminished due to rising borrowing costs and stagnant economic growth, leaving a precariously tight fiscal margin for future spending plans.
Citing a deteriorating financial outlook, top economists predict that Chancellor Rachel Reeves may need to issue new tax hikes or spending cuts to stabilize Britain's economy.
The IFS indicates that Ms Reeves's fiscal flexibility is severely limited due to high borrowing costs and stagnant economic growth affecting public finances.
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