Donald Trump could wipe out Rachel Reeves’ fiscal headroom with his tariff plans, the OBR has warned. David Miles, a member of the OBR’s budget responsibility committee, said US tariffs at 20 per cent or 25 per cent would “knock out all the headroom the government currently has” if they were maintained for five years. … Continue reading Trump tariffs of 20 per cent could ‘knock out’ government’s fiscal headroom, OBR warns