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Rachel Reeves signals 'hard choices' in the 26 November Autumn Budget, with tax rises and spending cuts under active consideration as the OBR's downgrade and IMF forecasts heap pressure on the UK's public finances.

Ratio would be highest since aftermath of second world war, with UK among G20 countries forecast to peak above

The chancellor blamed Brexit for the move, saying it has had a ‘severe’ impact on the public finances

Netanyahu says Israeli military receive two bodies; Trump says ‘as soon as I say the word’ Israel would resume Gaza attacks

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Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

The Chancellor is to champion Britain as a place where investors and businesses can count on economic stability during meetings in Washington DC.

Editorial: Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standard

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…