Rachel Reeves, the UK's first female Chancellor, faces a potential £50 billion "black hole" in the UK's public finances, with borrowing figures soaring amid rising costs, slipping job numbers, and debt levels at 96.4% of GDP. To tackle rising borrowing and debt, Reeves is facing the challenge of potential tax increases, stealth and sin taxes, while trying to avoid stifling economic growth in an environment of modest GDP projections, higher unemployment, and political pressure.
When a Chancellor calls forecasts “rubbish” and borrowing figures balloon faster than a Vegas slot machine payout, you know the Autumn Budget is about to get spicy. Rachel Reeves, the UK’s first female Chancellor, has spent weeks batting away talk of a&nb...
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