LIVERPOOL, England (AP) — Britain’s Treasury chief warned Monday that “harsh global headwinds” from wars in Ukraine and the Middle East and U.S. President Donald Trump’s tariffs have worsened the U.K.'s economic outlook since the governing Labour Party won power last year.

Chancellor of the Exchequer Rachel Reeves told Labour's annual conference that her economic plans must be “fit for an uncertain world," a hint she will raise taxes in her autumn budget on Nov. 26.

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