Rachel Reeves 'will have to cut spending or raise taxes to balance books' after Budget sparked economic slowdown and borrowing costs rise
The Chancellor is trapped by sluggish growth and high borrowing costs that have made her financial headroom evaporate, economists said.
![Rachel Reeves 'will have to cut spending or raise taxes to balance books' after Budget sparked economic slowdown and borrowing costs rise](https://i.dailymail.co.uk/1s/2025/02/05/11/94881163-0-image-a-63_1738753691162.jpg?#)