Chancellor Rachel Reeves is preparing for a challenging October Budget as UK government borrowing has exceeded expectations, pushing public debt to 100% of GDP. Economists warn that Reeves may need to raise taxes by up to £16 billion to cover increased public spending. Additionally, Reeves is considering a hike in alcohol duty, which could impact pubgoers, alongside potential new regulations on smoking in public spaces. These measures are part of broader efforts to manage the UK's fiscal challenges while addressing public health concerns.
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