Rishi Sunak was Prime Minister from 2022 to 2024

Former Prime Minister Rishi Sunak has warned Chancellor Rachel Reeves that she must cut spending at the next budget or risk economic disaster.

Writing in his inaugural column for the Sunday Times, Sunak said that Reeves faces a “simple choice: spending cuts or tax rises.”

“If the chancellor opts for the latter, it will crush confidence still further and depress growth, making next year’s budget even more painful than this one will be,” the former leader and Chancellor said, adding that borrowing more wouldn’t be a “credible option”.

Reeves faces increasing pressure to regain control of the public finances, with interest on the UK’s long-term borrowing rising as market worries about the sustainability of the UK’s finances grow.

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