The United Kingdom has weeks to solve the financial puzzle, as it determines the history of the autumn budget

UK’s treasury on Wednesday open Finance Minister Rachel Reeves will offer the country’s autumn budget on November 26 amid increasing pressure to resolve the financial puzzle on spending, taxes and borrowing.

“The budget will deal with an economy” does not work well enough for workers, “Reeves said on Wednesday in the comments issued by the Treasury.

“The bills are high,” she added. “Go ahead

The long -term borrowing costs in the United Kingdom increased this week amid market tensions on the next budget, and how the British Finance Minister “rules” imposed self -imposed to ensure the financing of daily spending through tax receipts, instead of borrowing, and reducing UK debt during the next few years. Reeves has repeatedly rejected the possibility of bending its borrowing financial rules.

She repeated this position on Wednesday, saying that the United Kingdom “must decrease the costs of inflation and borrowing by maintaining a narrow grip in daily spending through our non -negotiable financial base.”

She added that “only by doing this, can we do the things we want to do.”

Economists expect that Reeves will have taxes on a rise in order to meet its bases, and to maintain a financial “fluctuation” room of about 10 billion pounds in its budget-which has already been eroded through the processes of discounts in spending on social welfare and increasing borrowing costs.

“It barely passes a day without speculation about new and innovative ways that the Chancellor can generate revenues in the autumn budget. Our view is that Reeves will need to collect revenues from 18 to 24 billion dollars (24-37 billion dollars) of mostly revenues through higher taxes.”

“The tax increase that provokes a lot of revenues is politically palatable and improved economic view for a long time, the holy cup of governments. But that will remain far -reaching,” Gregory predicts.

Tax increases are one of the few remaining cranes after it was announced A group of long -term spending plans Earlier this year with the defense and the national health service that receive the main financing and investment.

Efforts to reduce spending in other regions have decreased, with a number of legislators in the Labor Party who oppose discounts in spending on social welfare and winter fuel payments for retirees.

When the ax decreases when it comes to the tax height is the main question: Reeves has already increased the tax burden on the business sector, leaving workers to counter possible taxes, and the budget comes. However, this would break the work pledges to work not to raise income tax, national employee insurance, or value -added tax.

Certainly, bond markets made their feelings known before the budget, with the return on Government bonds in the United Kingdom for 30 yearsKnowing the as Gilts, Hit their highest levels since 1998 on Tuesday. The revenues of bonds in the United States and other major European economies have also increased, reflecting the broader financial concerns.

Investors who are demanding a higher benefit price to hold UK debt considered a warning to the British government that Reeves should adhere to its financial rules and restore financial credibility with government policies – or risk undermining the investor’s confidence in the country’s leadership and economic prospects.