UK Chancellor faces big money crunch ahead of new budget

Experts warn that rising world tensions and a massive £35 billion funding gap are putting major pressure on the government's upcoming spending plans.

The UK government is under a lot of pressure as it gets ready to announce its new budget. Experts at the Institute for Fiscal Studies (IFS) say the government needs to find an extra £35 billion to pay for its promises. Money experts warn that the government cannot just play it safe. They say the current plans are not enough to cover the costs of running the country, especially with how expensive things have become. Things are also getting more complicated because of trouble around the world. The ongoing war involving Iran is making people nervous. Conflict in the Middle East often makes oi…