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The Independent UK
The Independent UK
Kate Devlin

Rachel Reeves says Labour can’t ‘tax and spend our way to higher living standards’ before spring statement

Rachel Reeves

Rachel Reeves has ruled out "tax and spend" policies ahead of her crunch spring statement next week.

The chancellor is under pressure to fill a hole of around £20 billion in the public finances as she scrambles to meet her own financial rules following higher-than-expected borrowing and disappointing economic growth.

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