Rachel Reeves faces a challenge to meet her fiscal rules amid faltering growth and higher borrowing costs.
The Resolution Foundation urges Chancellor Rachel Reeves to raise taxes, specifically by extending the freeze on personal tax thresholds, instead of cutting welfare or government spending to meet fiscal rules outlined in her upcoming March 26th spring statement. They suggest this would avoid harming lower-income households and secure £8 billion in revenue. They advise against cutting disability benefits or further government department cuts as these would disproportionately affect the poor.
