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Labour faces tax rises as fiscal headroom falls to £12bn, KPMG says

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  • KPMG said Labour may need tax rises or spending cuts at John Healey’s first Budget.
  • Fiscal headroom fell to about £12bn from the inherited £23.6bn.
  • Ten-year gilt yields reached 5.41pc, the highest level in 19 years.
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Labour faces tax rises as fiscal headroom falls to £12bn, KPMG says - CoinPost Terminal