‘Painful’ budget measures likely, say economists as Chancellor lifts spending

Chancellor of the Exchequer Rachel Reeves delivers her Government’s spending review to MPs (House of Commons/UK Parliament/PA) - (PA Wire)

The Government could have to announce “painful” fiscal measures in upcoming Budgets to balance the books after revealing fresh spending plans, economists have warned.

Experts have said tax increases are “almost inevitable” later this year in order for the Chancellor Rachel Reeves to meet her fiscal rules.