Former chancellor of the exchequer, Lord Hammond, says Chancellor Rachel Reeves "cannot break the manifesto pledges that she set out and repeated so regularly". He suspects that there is a plan around the budget that will "involve tax increases and spending cuts to try to plug the widening hole" that the chancellor is facing. He says from an economic point of view, the chancellor will "deal with the gap in public finances" by "reducing public spending". "The problem Rachel Reeves has got, is the economy is just not growing fast enough." #skynews #uk #ukpolitics #politics #government Live updates: https://news.sky.com/story/politics-latest-starmer-india-labour-gaza-protests-tax-12593360 SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales