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Economists have urged Rachel Reeves to prioritise difficult political decisions in the Budget that they said would strengthen financial markets’ confidence in the UK and bring down the cost of borrowing.

Responding to the Chancellor’s speech on Tuesday, Nick Williams, former economic policy adviser to Sir Keir Starmer , said investors would welcome her priorities and consistent messaging.

The Chancellor put the country on notice that tax rises were coming in her Budget, saying during a speech on Tuesday that “each of us must do our bit”.

The Resolution Foundation,

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