Britain can ‘defy’ poor economic forecasts, says Chancellor

Rachel Reeves is widely expected to raise taxes next month as she faces grim economic forecasts from the Office for Budget Responsibility (Jordan Pettitt/PA) - (PA Wire)

Rachel Reeves has insisted Britain can “defy” economic forecasts as she prepares to deliver another tough Budget next month.

The Office for Budget Responsibility (OBR) is expected to deal the Chancellor a further blow in November by downgrading its productivity forecasts for the British economy, leaving her trying to fill a gap in her plans of more than £20 billion.