LONDON (Reuters) -Finance minister Rachel Reeves said on Tuesday Britain had faced increasing challenges since her first budget last year, as questions grow over which taxes she will raise to keep her budget on track.
“Since that budget, the world has thrown even more challenges our way,” Reeves said in a pre-budget speech.
She said these challenges included the continual threats of tariffs which, she said, deterred investments and dampened growth. She also said inflation had been too slow to fall and global borrowing costs had risen.
(Reporting by Sarah Young, writing by Sam Tabahriti, editing by Kate Holton)
