DEVELOPING: Tax Hikes Loom as Rachel Reeves Warns of Budget Measures Ahead

BREAKING NEWS Rachel Reeves Warns of Tax Hikes Ahead of Budget as UK Finances Come Under Scrutiny Chancellor Rachel Reeves has confirmed she is considering tax rises at the autumn Budget on November 26, amid concerns over the UK's public finances. The move comes as analysts estimate a £20-30 billion hole in the budget. Reeves made the announcement ahead of an international finance summit in the US, where she will discuss economic stability with global leaders. The Chancellor has stated that she will "continue to prioritise economic and fiscal stability". The Budget is a critical moment for the UK government, as it outlines plans for the economy. Poor economic figures and U-turns on welfare cuts have put pressure on Reeves to meet self-imposed spending rules. Reeves received the Office for Budget Responsibility's (OBR) forecast of the economy on October 3, which will inform her decision-making ahead of the Budget. This is a developing story, with further details expected in the coming weeks as Reeves learns more about the UK's economic situation. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*