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Rachel Reeves, the chancellor, is set to take questions on her recent statement on the forthcoming budget, amid speculation over the UK's economic outlook. Reeves took an unusual approach as she used a speech in Downing Street to attempt to set out the reasoning behind her choices. It was an odd affair, say Oliver Wright and Steven Swinford in their analysis of this morning’s speech. FOLLOW LIVE: https://www.thetimes.com/uk/politics/... Britain has not been very good at expanding its economy for some time. Last month Tom Calver, Data Editor, put the spotlight on a solution — but it is one that would be resisted in some parts of the country. A left-leaning think tank close to the Labour Party has called on the chancellor to raise taxes in a “fair and pro-growth way” and to cut the cost of living with a “war on bills”. Carsten Jung, associate director of the Institute for Public Policy and Research, said: “The fair thing to do is to reform our dysfunctional tax system to make those with unfair advantages contribute more before asking ordinary households to chip in. “This can make the tax system more efficient and mean that investing in the UK remains attractive. With the cost of living a key focus, the priority must be to increase revenue to launch a war on bills.” Read the best of our journalism: https://www.thetimes.com/ Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_... Find us on Facebook: / timesandsundaytimes Find us on X: https://x.com/thetimes Find us on Instagram: / thetimes #livestream #uk #rachelreeves #economy