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The Independent UK
The Independent UK
Christopher McKeon

Chancellor should raise taxes not cut spending to meet fiscal rules – think tank

Rachel Reeves The Resolution Foundation
Rachel Reeves is due to update her fiscal plans on March 26 (Jonathan Brady/PA) - (PA Wire)

The Chancellor should increase taxes instead of cutting welfare to balance the books when she delivers her spring statement at the end of the month, a leading think tank has said.

Rachel Reeves is set to update her fiscal plans on March 26 against the background of a faltering economy and drastically reduced headroom against the debt rules she set herself in October.

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