Tax wealth and value public assets: how Reeves can solve her biggest budget challenges | James Smith

Boosting growth and investment while averting austerity is a tough ask, but options are available for the chancellor, writes the research director of the Resolution Foundation

Labour MPs urge Reeves to spend tens of billions more on ailing public services

The chancellor has said she wants to avoid a return to austerity". She's also said she'll deliver a pro-investment, pro-growth budget. Those are laudable goals, but she must fix a dire set of public finances, a tough task not helped by the 22bn overspend uncovered this summer. This is the trilemma facing Rachel Reeves before the government's pivotal first budget. Here's how she might try to tackle it.