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Rachel Reeves likely to need £26bn of tax rises in budget, think-tank warns

Chancellor Rachel Reeves will likely need to announce £26bn in tax rises in her upcoming autumn budget to put the UK's public finances in order, the Resolution Foundation has warned. The think-tank said on Tuesday that its autumn budget preview highlighted that an anticipated downgrade to the UK's "trend" productivity growth is "likely to be large at nearly 0.3 percentage points". [...]