The British Finance Minister, Rachel Reeves, is looking for fiscal solutions to cover a deficit of 30 billion pounds, acknowledging the impact of Brexit on the economy.

In his first public statement after receiving the report from the Office for Budget Responsibility, British Finance Minister Reeves confirmed that he is analyzing fiscal and spending options to address economic challenges. It is estimated that he will need to find up to £30 billion to balance the budget, due to factors such as changes in energy and social policies. Reeves emphasized that austerity, Brexit, and the impact of Liz Truss's mini-budget have severely affected the UK economy, which is expected to grow by 1.3% over the next two years, according to the International Monetary Fund. Reeves mentioned that he will not shy away from challenges and that relaxing fiscal rules is not an option. He also highlighted the commitment to stimulate economic growth, noting that the UK had the strongest growth in the G7 in the first half of the year. Despite efforts to mitigate the negative effects of Brexit through trade agreements with the EU, Reeves acknowledged its severe and long-lasting impact on the economy.