Reported 24 days ago
In response to Treasury's budget plan that entails raising taxes and increasing borrowing, UK Chancellor Rachel Reeves is facing market skepticism and pressure from Labour ministers concerned about insufficient funding for public services ahead of the 2029 general election. Despite Reeves asserting her commitment to economic stability and dismissing notions of returning to austerity, her budget's constraints on vital services have raised alarms within the party. Labour leaders now worry about balancing immediate financial demands with their promises for more robust public services, while market reactions indicate a cautious outlook on any future fiscal measures.
Source: YAHOO