RACHEL Reeves faces being plunged into a tax-rising and spending squeeze Budget nightmare as borrowing last month jumped £3 billion higher than predicted.
The Chancellor is walking a financial tightrope ahead of the October showpiece with the overshoot down to the cost of public services and benefits.
AFPRachel Reeves will deliver her first Budget on October 30[/caption]She is now considering raising more cash from capital gains tax and inheritance tax and pushing ahead with cuts to some Whitehall departments.