Chancellor rules out ‘tax and spend’ policies ahead of spring statement

Chancellor Rachel Reeves is under pressure to increase taxes or cut spending to meet the financial rules she set at the budget in October (PA) - (PA Wire)

The Chancellor has ruled out “tax and spend” policies ahead of her spring statement next week.

Rachel Reeves is under pressure to increase taxes or cut spending to meet the financial rules she set at the budget in October amid disappointing growth figures and higher-than-expected borrowing.