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flag UK Chancellor Rachel Reeves faces budget deficit pressures, may need to cut spending or raise taxes.

flag UK Chancellor Rachel Reeves faces potential spending cuts or tax increases as her £9.9 billion fiscal buffer has been depleted due to lower growth forecasts and higher borrowing costs. flag The Office for Budget Responsibility warns that the UK could see a budget deficit, pressuring Reeves to balance the books in her upcoming Spring Statement. flag The challenges come amid concerns over economic growth and rising interest rates.

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