Chancellor will have to raise taxes despite lower borrowing, say economists

Chancellor of the Exchequer Rachel Reeves (Jane Barlow/PA) - (PA Wire)

Chancellor Rachel Reeves will still need to raise taxes in the autumn budget despite lower-than-expected Government borrowing last month, economists have warned.

Official figures released on Thursday showed that UK state borrowing slowed to £1.1 billion in July, providing some relief for the Chancellor.