Reeves faces £30bn hole – and pressure to break pledges on income tax, NI or VAT

['Richard Vaughan', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] The i Paper 2025-09-23 17:22:33

This could be cut to as low as 20 per cent for everyone, if the Chancellor went ahead with reform. The economic situation also raises questions over whether Reeves will be able to scrap the two-child benefit cap this year. Economists from the organisation also predicted that UK inflation will surge, with Britain experiencing the highest level among the G7 group of advanced economies this year. She added: “But I know there is more to do to build an economy that works for working people – and rewards working people. He added that growth was forecast to pick up this year while inflation was set to come down.