Groundhog day fears

Rachel Reeves must consider tens of billions of potential tax rises in the Budget to prevent “groundhog day”.

- BY GRAHAM HISCOTT

The Institute for Fiscal Studies said the Chancellor has left herself with little headroom after last year's Budget, due to policy U-turns and higher borrowing costs. Director Helen Miller, below, said: "Last autumn, the Chancellor pronounced she wouldn't be coming back with more tax rises. She almost certainly will. This coming Budget will feel like groundhog day."