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UK Chancellor Rachel Reeves faces budget deficit pressures, may need to cut spending or raise taxes.
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.
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.
The challenges come amid concerns over economic growth and rising interest rates.
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La canciller del Reino Unido, Rachel Reeves, se enfrenta a presiones de déficit presupuestario, puede necesitar recortar el gasto o aumentar los impuestos.