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Reduce funding to the departments he can reduce funding to or as we know raise taxes. the can reduce funding to or as we know raise taxes- raise taxes. the chancellor is facina raise taxes. the chancellor is facin: a raise taxes. the chancellor is facing a very raise taxes. the chancellor is facing a very tricky raise taxes. the chancellor is j facing a very tricky expending review later this autumn. so he will have to decide first of all how much he wants to spend and how that will be allocated between departments. he is committed or said he intends to achieve what is called current budget balance or pay for all the government s day to day spending on tax remedies for the middle of the decade and he is currently on course to achieve that, onlyjust. if he does want to then increase funding for the nhs with a more generous public pay award or if he wants to allocate more money to social care or two schools for catch funding or make the extensions to universal credit permanent, ther ....