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Reeves on a double knife edge as she could be forced to order ‘blockbuster’ tax rises, say experts

Critics said her future as chancellor is under threat as a result of errors she has made since taking charge of the economy last year



Experts suggest Rachel Reeves may need "blockbuster" tax rises in six months due to a hostile reception to her spring statement. While denying further tax rises or spending cuts at the autumn budget, she didn't rule them out entirely. Donald Trump's tariffs threaten growth, and the IFS warns of damaging speculation. The OBR notes £14 billion in measures to restore headroom, but warns Trump's tariffs could wipe out the £9.9 billion buffer.

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