Reeves confirms change to debt rule and warns of higher taxes as Budget looms
Taxes and borrowing are both set to increase as Rachel Reeves signalled she would rewrite the way Government debt is measured in her first Budget. The Chancellor said she faced difficult choices but insisted her Budget would “begin to fix the NHS and start to rebuild our economy”. The cost of Government borrowing increased in response to speculation the Chancellor would change debt rules to spend billions more on investments. […]