Brace yourself for potential tax hikes this autumn! A leading economic think tank is warning that Chancellor Rachel Reeves may need to raise taxes to stay within borrowing limits.

The National Institute of Economic and Social Research projects the government will overshoot its fiscal targets by a significant margin. They suggest moderate tax increases, including council tax reform, to bridge the gap.

Other potential revenue-raising measures include broadening VAT, adjusting pensions, and extending the income tax threshold freeze. Will the government heed the warning?

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