Rachel Reeves is under pressure to balance the books. This chart shows the scale of UK debt

UK chancellor Rachel Reeves remains under intense pressure to tackle mounting government debt.

The UK think-tank National Institute of Economic and Social Research (NIESR) had previously forecast that Reeves was on course to miss her borrowing targets by £41.2bn.

The think-tank also posed a solution: Reeves should raise taxes immediately. It recommended "a moderate but sustained increase", including reform of the council tax system to make up the shortfall.

By Tola Onanuga

Full story at Yahoo News.