Rachel Reeves under pressure to rise taxed by £20 billion in autumn

Chancellor Rachel Reeves may be forced to raise taxed on pensions, booze, and tobacco in the autumn, according to experts.

The UK's “chronically weak” economy is putting pressure on the Chancellor to squeeze more money out of UK taxpayers who are already in the midst of a cost of living crisis.

In an interview with the Telegraph , Elliott Jordan-Doak, of Pantheon Macroeconomics, said: “We think the Chancellor will need to resort to ‘sin’ and ‘stealth’ tax hikes, duty increases, and a pensions tax raid in order to meet her fiscal rules if she wants to meet her pledge of keeping headline tax rates unchanged.

“We expect the bulk of those tax hikes to be backloaded towards the end of the forecast period, minimising any short-term growth implications. But that will buy the Chancellor only