Reported 16 days ago
Chancellor of the Exchequer Rachel Reeves faces the possibility of breaking Labour's promise of one fiscal event per year just days after her first UK budget. Rising borrowing costs and a growth downgrade threaten to eliminate her £9.9 billion budget margin, potentially leading to tax increases or spending cuts. Despite aiming for stability and clarity for businesses and households, Reeves may have to revisit fiscal measures sooner than planned, undermining her pledge of a single annual fiscal event.
Source: YAHOO