Think tank warns UK fiscal hole could surpass £50bn by 2030 in further blow to Reeves

Government not on track to meet ‘stability rule’

Sorin Dojan
clock • 1 min read

The UK's budget deficit is expected to reach as high as £51.7bn by 2029-30, the National Institute of Economic and Social Research (NIESR) has calculated, putting pressure on Chancellor Rachel Reeves to break her campaign promises and raise taxes to tackle the issue.

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