Rachel Reeves admits the economy is ‘not working as it should’ as borrowing soars ahead of Budget

RACHEL Reeves was dealt a pre-Budget headache last night as borrowing hit a post-pandemic high. The Chancellor conceded the economy was “not working as it should” as she plotted tax rises and spending cuts to balance the books. She is under huge pressure as UK borrowing hit almost £100billion — £7.2billion more than forecast —...