It is the economics version of music’s “difficult second album”. When the UK chancellor, Rachel Reeves, steps up to deliver her follow-up budget on November 26, she faces some daunting choices.
Now that the Office for Budget Responsibility – the UK’s’s independent financial watchdog – is expected to downgrade its predictions for UK prosperity, Reeves is widely anticipated to put up taxes again (something she herself alluded to recently). But beyond that, few people agree on the best way for her to do it.
