Reeves Finally Faces Day of Reckoning on Tax-Raising Budget (1)

In the 84 days since UK Chancellor of the Exchequer Rachel Reeves announced the date of her second budget, she’s told both bond-market investors and Labour Party backbenchers that it’s been drafted with them in mind.

On Wednesday, it becomes clear whether she can please both of these very different audiences, when she stands at the dispatch box in the House of Commons and puts an end to months of speculation. Reeves is expected to close a yawning fiscal hole with a collection of sector-focused tax cuts that will ripple through the economy, some in unpredictable ways.

Chancellor of the Exchequer Rachel Reeves acknowledges public frustration at the state of the economy in a video message ahead of her budget.

Source: UK Government

While the ...