Chancellor on track to miss fiscal rules, says economic forecaster

Chancellor of the Exchequer Rachel Reeves (Danny Lawson/PA) - (PA Wire)

The Government is on track to miss its key fiscal rules, increasing the likelihood of tax hikes later this year, an economic think tank has warned.

Economic growth is also on track to be weaker than previously expected this year, according to the National Institute of Economic and Social Research (Niesr).