Rachel Reeves left with tough choice as fiscal headroom dwindles
- Posted on February 4, 2025
- By The Times
- 4 Views
![](https://www.thetimes.com/imageserver/image/fbfef8fc-510f-410a-b899-8a1e971cc8c9.jpg?crop=2143,1205,0,110&resize=1200)
Rachel Reeves left with tough choice as fiscal headroom dwindles
![](https://www.thetimes.com/imageserver/image/fbfef8fc-510f-410a-b899-8a1e971cc8c9.jpg?crop=2143,1205,0,110&resize=1200)
The chancellor will either have to cut spending or raise taxes, economists believe