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. <br /><br />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. <br /><br />Other potential revenue-raising measures include broadening VAT, adjusting pensions, and extending the income tax threshold freeze. Will the government heed the warning? <br /><br />#UKBudget #TaxReform #EconomicForecast
