Rachel Reeves warned of tax hikes despite the 1.4 billion plans to resolve public finances.

Rachel Reeves is facing a warning that the British can raise taxes in the fall budget even after the British unveiled 1.4 billion plans to fix tense public finances.

On Wednesday, British Prime Minister announced on Wednesday the reduction of 3.6 billion people in the spring statement with a reduction of 48 billion people on welfare payments and a department's expenditure.

According to the government's impact assessment that surprised many Labor Party MPs, about 250,000 people, including 50,000 children, will be relatively poverty by cuts. The charity, Joseph Rowntree Foundation, said that true figures will be much higher.

But Reeves warned that painful measures could not be enough. The British official, a budget responsible country, said that the current expenditure should be balanced by the tax receipts by 2029-30, which can balance 99.9 billion headrooms against her major fiscal rules.

Paul Johnson, head of the Financial Research Institute, said Reeves needs a larger insurance policy. If you will have an Iron Clad Financial rules, if you leave yourself next to the headroom with them, you will leave you at the mercy of the case.

He added that there will be several months of speculation about the increase in taxes in the fall budget. He said he had economic and political costs for uncertainty.

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Even before new measures, GDP's ratio is expected to increase from 35.3 %this year to 2027-28 from 37.7 %in 2027-28.

Reeves did not guess whether the tax should be raised to put the public finances into the sound of the sound at the end of this year. Currently, she has not announced changes in tax hikes or fiscal rules, and she admitted that the yard was difficult in the future.

Philip Shaw, an economist at INVESTEC, added: Reeves expects economic recovery.

The minister's spring statement was counterattacked from 2 %to 1 %in 2025, but OBR grew to 1.75 %in parliament a year later.

Most of the Ribs statements were set to show how to restore the government's headroom at 99 billion budget in October, and it was set to 99 billion budget in October after the borrowing costs increased.

Gold leaf investors have given a temporary welcome to the statement, unlike the market selling in October.

However, OBR said that even after Wednesday, the financial rules after 2010, aside from the previous minister, maintained only one -third of the average headroom.

In one of the biggest surprises, Reeves said that the OBR calculation would provide a boost of 34 billion boosts by 2029-30.

Watch Dog added that the tax compliance could save $ 36 billion from 2.22 billion people to $ 4.8 billion in welfare cuts and the planned everyday department spending.

Rachael Maskell, the Labor Party MP of York Central, said that it should not be achieved from the back of millions of people with low income, but should not be achieved.

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Reeves did not refer to Donald Trump's name, but in fact, the US president blamed some British president. A big defense spending package is wrong to invest in making the UK a superpower.

As the government announced the sale of 304 billion debt next year, the cost of the British borrowing was slightly less than the predictions of 308 billion by the market following the Ribs statement.

The 10 -year gold leaf production, which is inversely proportional to the price, decreased by 0.03 % to 4.73 %.

The pound has rarely changed and it is 0.4 % lower to US dollars to $ 1.289 on the day.

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The spring statement will be ahead of the next month's implementation, when the donation of employer national insurance announced by Reeves Budget in October has increased significantly.

OBR said that about 3/4 of the bill costs will be delivered to workers who lower real wages.

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The increase in national insurance is expected to increase to 25.7 billion in 2029-26 fiscal year, to 25.7 billion in 2029-30. It is provided with tax hikes already implemented, including VAT imposition of private school fees in January.

The superintendent is also working on other tax adjustments, including capital gain taxes and inheritance taxes for agricultural and business property.

Additional reports of Valentina Romei and Delphine Strauss

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