Tax Rises 'Inevitable' After Increase in Borrowing, Economists Say

FTSE 100 slides after jump in UK Government borrowing

An unexpectedly high borrowing figure had economists predicting that tax increases ‘feel inevitable’ later this year.

Tax rises 'inevitable' after increase in borrowing, economists say

Chancellor Rachel Reeves had to borrow more money than expected over the month

Economists warn tax increases ‘feel inevitable’ as government borrowing soars - London Business News

The Office for National Statistics (ONS) has announced that public sector borrowing increased to £20.2 billion. This is the fourth-highest figure on record, which is causing havoc for the Chancellor… The post Economists warn tax increases ‘feel inevitable’ as government borrowing soars appeared first on London Business News