Chancellor Rachel Reeves is poised to unveil billions of pounds worth of tax rises and spending cuts in this year's Autumn Budget.

Chancellor Rachel Reeves said she’s reached agreement with all of her UK cabinet colleagues on their spending allocations for next week’s budget, following tensions with some senior ministers over cuts planned for their departments.

British finance minister Rachel Reeves faces a tough task to raise the tax revenues she needs to invest more in public services and new infrastructure in her Oct. 30 budget.

In September alone borrowing stood at 16.6 billion pounds, less than a median forecast of 17.5 billion pounds in a Reuters poll of economists but higher than the OBR's projection of 15.1 billion pounds made earlier this year. It was the third biggest September borrowing total since records began in 1993.

Chancellor Rachel Reeves says she has now reached spending settlements with all government departments ahead of her much-anticipated Budget on 30 October. It comes after reports of Treasury rows with multiple departments over the expected scale of spending cuts.

By William Schomberg LONDON (Reuters) -British public borrowing in the first six months of the tax year came in higher than official forecasts, according to data that underscored the challenge facing finance minister Rachel Reeves in her first budget next week.

Sir Keir Starmer’s government was hit by another day of Budget confusion after Labour was bounced into conceding that individuals earning above £100,000 are still “working people”.On a day when the prime minister had hoped to get a grip on the political agenda with the launch of a major consultation over the future of the NHS,