Can more government borrowing lead to higher taxes in the UK?

Government borrowing beat expectations as it hit £16.4bn in March, official data has revealed. Ballooning levels of borrowing will likely come as a blow to Chancellor Rachel Reeves, who is under pressure to keep public finances in balance. Reeves left herself £9.9bn at last month’s Spring Statement as she made around £14bn of cuts, mainly in welfare, in order to meet her strict fiscal rules that would see the public current budget to be in balance by 2030. The Office for National Statistics (ONS) said borrowing in March was the third-highest since monthly records began more than 30 years ago, reflecting the UK’s ongoing tussle with high gilt yields. Click the link in our description to watch or listen to the full interview 🔗 #news #politics #politicalnews #borrowing #economy #economics #tariffs #donaldtrump #trump #rachelreeves #keirstarmer #starmer #springstatement #tax #taxes #personalfinance #finance #financialnews #money #moneymanagement #uk #uknews #ukpolitics #ukpolitics #ukeconomy