Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best optionThe UK government has come under pressure from a bond market sell-off and the tumbling pound, heaping pressure on the chancellor, Rachel Reeves, to reassure investors about Britain’s economic and financial position.After a challenging first six months in power for the government, the chancellor’s options have been limited by Labour’s political promises. There are a range of measures, of varying severity, the Treasury and the Bank of England could still take, depending on how market conditions unfold. Continue reading…
Source link : https://www.theguardian.com/business/2025/jan/09/cuts-tax-rises-and-doing-nothing-rachel-reeves-options-to-tackle-economic-woe
Author : Richard Partington and Julia Kollewe
Publish date : 2025-01-09 18:47:00
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Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe
