Tax rises to spending cuts - what are the chancellor's options now?

Chancellor Rachel Reeves is considering economic levers to pull ahead of the autumn Budget following a pessimistic forecast by the National Institute of Economic and Social Research (Niesr). Niesr suggests establishing a larger buffer against missing fiscal rules to avoid prolonged economic uncertainty due to piecemeal policy tinkering. Reeves may opt for strategic decisions to navigate global uncertainties and possibly break the cycle of constant policy changes and tax rises by addressing economic challenges upfront.