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Evening Standard
Evening Standard
Holly Williams and Michael Howie

Rachel Reeves faces 'impossible trilemma' and must raise taxes in the autumn budget, economists warn

Rachel Reeves Niesr PA Graphics

The Chancellor is facing an “impossible trilemma” ahead of the autumn budget and must raise taxes to help repair Britain’s battered public finances, an economic think tank has warned.

The National Institute of Economic and Social Research (Niesr) says Rachel Reeves faces missing one of her fiscal rules by more than £40 billion.

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