Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe

Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best option

The 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...

from The Guardian https://ift.tt/nw56taU

Comments

Post a Comment

Popular posts from this blog

Two years after Buffalo mass shooting, an art exhibit focuses on the victims

A few months after 14 May 2022, a curator sought out three local artists. The resulting exhibition, Before and After Again, is thought to be the first of its kind Two years ago, a white supremacist drove 200 miles to Buffalo, New York, and opened fire in a grocery store in the city’s predominantly Black East Side neighborhood, killing 10 people and injuring three. Though the Tops Friendly Markets where the racist mass shooting took place has been remodeled, and most of the country has forgotten about the violence that occurred on 14 May 2022, Buffalo’s East Side is forever changed. Continue reading... from The Guardian https://ift.tt/mqu1LFv
Read more

‘Join us’: Biden campaign urges Haley supporters to turn against Trump

Campaign ad shows clips of Trump disparaging Republican rival as president courts ‘broad and diverse coalition of voters’ Joe Biden’s presidential campaign released an ad targeting Republicans who supported Nikki Haley in her losing primary against Donald Trump. “If you voted for Nikki Haley, Donald Trump doesn’t want your vote,” the president’s campaign ad says. “Save America. Join us.” Continue reading... from The Guardian https://ift.tt/VPC3mK7
Read more