Reeves’ Declining UK Budget Margin Paves the Way for Unfulfilled Promises

Chancellor of the Exchequer Rachel Reeves is grappling with the challenge of adhering to Labour’s manifesto pledge to limit fiscal events to one per year. Just ten days after unveiling her initial UK budget, the economic landscape has shifted, with rising borrowing costs and diminishing growth prospects jeopardizing the £9.9 billion that she has against...