exchequer

But independent experts and rating agencies like Moody's expect the figure to be higher, with the strain on the exchequer "even more pronounced" in the coming years.

In her Budget statement, the chancellor of the exchequer will outline the government's plans for raising or lowering taxes.

Chancellor of the exchequer Rachel Reeves' budget on 26 November is expected to bring tax rises.

This is about as big a reshuffle as you could imagine, short of replacing the chancellor of the exchequer.

The government will then outline likely measures to the forecasters who will assess how much they are forecast to raise or to cost the exchequer.