The five steps that could lead to UK tax rises in October

Chancellor Rachel Reeves has set out her plans for the UK economy in her Spring Statement and is on track to meet her self-imposed rules on the public finances, which she has said are “non-negotiable”.
On the face of it, that sounds like a good thing. So why are people saying that she may struggle to meet them and the only way she may do so is by raising taxes?
It’s a complicated picture, but there are essentially five steps to get from where we are now to tax rises.
Ahead of the Spring Statement, the chancellor had been under pressure, with speculation over how she would be able to meet her self-imposed financial rules, one of which is to not borrow to fund day-to-day spending.
In October, the government’s official economic forecaster, the Office for Budget Responsibility (OBR), said that Reeves would be able to meet that rule with £9.9bn to spare.

Courtesy: BBC