Reeves faces having to cut spending or raise taxes as UK growth disappoints

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Chancellor Rachel Reves is located after a member of the UK’s fiscal guard, public expenses or prospects for tax increase, which has privateally warned about weaker economic prospects.

Preliminary forecasts for the budget responsibility show the fiscal hall that Revez was deleted by the factors in October, according to those who are familiar with the factors.

Forecasts sent to the treasury last week could force the Chancellor to find additional tax revenue in their spring statement on March 26.

This comes after the beaded growth in the UK, along with the increase in the government’s loan, which run against the Reeeves Rules, which provides that the current costs of investments are funded by tax receipts.

The first project of OBR forecasts, which will be published next to the spring statement, reflects the developments in the economy October budget, but not the impact of any possible policy changes.

In October, the WB forecasts show that Reeves had 9.9 billion pounds for its management to be at the current budget, then according to the Institute for Fiscal Studies.

New preliminary predictions of OBR believe that the headscarf has been deleted, the people familiar with the problem are said. The minimum first reported by Bloomberg.

The forecasts of the fiscal guard are defined by change, as four more projects will be presented to the parliament on the battlefield.

Reeves will have the opportunity to rebuild against the buffer budget through tax and cost decisions, which he advances the spring statement.

But the forecasts from other bodies, including the Bank of England, are already celebrating a tough economic forecast for Chancellor.

Booon halved his 2025 growth assessment last week, saying that the economy has expanded only three-quarters of the percentage this year, drastically below forecasts.

Ernst & Young Class club, another prediction, predicted only 1 percent increase in 2025.

In 2026, Boy predicted a 1.5 percent increase, which is also lower than the latest OBR forecast – 1.8 percent.

Possibly Growth Growth of ACE, speed, during which the economy can expand without inflation, and the key contribution of its predictions is more optimistic than other analysts.

Although OBE expects that potential growth will be more than 1.6 percent at the end of its prediction period, Bey’s own rating is 1.5 percent.

In addition, the October budget grows in the budget budget in the next dentist hall, although restoration of the bond market has alleviated part of the impact.

Analysts during Oxford Economics, consultation, last week’s estimated reeevs’ 9.9 billion playgrounds were halved with bond prices.

The spokesman of the HM Treasurer said: “Government commitment to fiscal rules and public public finances are non-negotiation.

“As previously announced, the next forecast for OBR will be presented to the parliament on March 26, next to the Chancellor’s statement. We do not comment on the manipulations on OBR forecasts. “

OBR’s spokesman refused to comment.