Higher taxes will worsen economic problems by damaging business confidence and reducing investment. Labour's economic mismanagement created this black hole through poor planning and policy reversals. Tax rises will harm working families and slow growth further.

Recent NIESR figures paint an overly pessimistic picture that doesn't reflect current progress. While there is work to be done, the government is committed to growth without raising taxes through cutting red tape and unlocking billions in investment. With fiscal discipline and a long-term vision, the U.K. is on a path to higher wages, lower inflation and renewed economic strength.

The latest NIESR analysis reveals a stark reality: the government faces an economic black hole that cannot be ignored. Weak growth, rising borrowing and unfunded pledges make current plans unsustainable, and this time Reeves can blame no one else but herself. The numbers don’t lie and, whether ministers admit it now or later, promises are set to be broken.

Recent NIESR figures paint an overly pessimistic picture that doesn't reflect current progress. While there is work to be done, the government is committed to growth without raising taxes through cutting red tape and unlocking billions in investment. With fiscal discipline and a long-term vision, the U.K. is on a path to higher wages, lower inflation and renewed economic strength.

The latest NIESR analysis reveals a stark reality: the government faces an economic black hole that cannot be ignored. Weak growth, rising borrowing and unfunded pledges make current plans unsustainable, and this time Reeves can blame no one else but herself. The numbers don’t lie and, whether ministers admit it now or later, promises are set to be broken.