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The Guardian - UK
The Guardian - UK
Business
Richard Partington Senior economics correspondent

How to balance the UK books: six options open to Rachel Reeves

Illustration of Keir Starmer and Rachel Reeves set amid a red-tinted background.
Keir Starmer has expressed total confidence in Rachel Reeves, the chancellor. Composite: Reuters / The Guardian / Guardian Design

Rachel Reeves is under pressure to tackle a multibillion-pound shortfall in the government finances.

Labour’s high-stakes welfare U-turn and a spike in bond markets prompted by speculation over the chancellor’s position has dragged the government’s tax and spending plans into the spotlight.

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