Rachel Reeves promised in last year’s Budget that she was ‘not coming back’ for more - Chris J Ratcliffe/Bloomberg Rachel Reeves is poised to repeat her record £40bn tax-raising Budget despite promising it was a one-off, economists have predicted. Barclays on Wednesday forecasted that the Chancellor will look for £41.7bn in tax rises and spending cuts next month, roughly on a par with last year’s record £41.5bn raid. Labour’s struggle to cut spending means tax rises are expected to account for the majori ...

The pound is coming under pressure as investors brace for potential tax rises and spending cuts in the upcoming UK budget https://t.co/Uf3Sh7PPNi ...