Go big with tax hikes or risk 'groundhog day', chancellor told

Sky NewsWednesday, October 15, 2025 at 10:35:00 AM
Go big with tax hikes or risk 'groundhog day', chancellor told
Chancellor Rachel Reeves is being urged to take bold action in the upcoming budget, as a respected thinktank warns that merely addressing the £22 billion deficit could lead to a repetitive cycle of financial struggles. This situation is critical because without significant reforms, the government risks facing the same economic challenges year after year, impacting public services and economic stability.
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