Rachel Reeves is under pressure to make significant tax hikes in the Budget that could breach her manifesto pledges as she faces a £30bn black hole amid gloomy economic forecasts.

Speculation is mounting that the C hancellor may face a shortfall of as much as £30bn when she sets out her plans for tax and spend on 26 November, with the majority of the funding gap expected to be due to a revision in productivity growth by the Office for Budget Responsibility.

It comes as Reeves was warned that inflation is likely to surge to the highest level among the G7 developed nations and tax hikes will slow down economic growth by the OECD, an international economic watchdog. New Feature

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As such, Reeves is poised to blame looming tax rises on

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