Reported 1 day ago
Chancellor Rachel Reeves is contemplating new cuts to public spending to maintain fiscal stability as UK borrowing costs soar, potentially erasing her fiscal headroom. With rising borrowing costs threatening to breach her fiscal rules, Reeves indicates a preference for departmental spending cuts over tax increases. Her upcoming speech aims to reassure investors while addressing the need for economic growth and mentioning potential reforms and international relations to support business interests.
Source: YAHOO