Worries about the UK economy are justified, but can the government afford to gamble on raising taxes?

Gloomy economic figures have heaped more pressure on the British government and its promise to improve growth. And if that wasn’t enough, there have also been some stark warnings about public finances and the country’s ability to service its debts.

All of this has led to a growing expectation that the UK chancellor Rachel Reeves will have to bring in some significant tax hikes later…

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