Reeves may need larger fiscal buffer to ‘build credibility’

City A.M.

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Chancellor Rachel Reeves may need to make her headroom larger than £9.9bn in the autumn to restore credibility and fund policy U-turns, an economics think tank has warned, prompting warnings that “unpopular tax hikes” are coming down the line.  Proposed welfare reforms saved the government £4.8bn at the Spring Statement in a last minute rush [...]

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