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Rachel Reeves must break her fiscal rules. Better now than later | Phillip Inman
There is already arguably too little flexibility in the chancellor’s budget plan. Trump’s tariffs chaos makes a rethink inevitableCritics of Rachel Reeves are enjoying another “told you so” moment. It was never realistic, they say, to formulate a budget plan with virtually no leeway to accommodate for unforeseen events.Less than £10bn of headroom on a budget of £1.2tn was asking for trouble. It is clear there are just too many events that could be put on a list of “known unknowns” for a UK chancellor to almost wilfully wish away their potential impact on the economy and the public finances. Continue reading...
There is already arguably too little flexibility in the chancellor’s budget plan. Trump’s tariffs chaos makes a rethink inevitable
Critics of Rachel Reeves are enjoying another “told you so” moment. It was never realistic, they say, to formulate a budget plan with virtually no leeway to accommodate for unforeseen events.
Less than £10bn of headroom on a budget of £1.2tn was asking for trouble. It is clear there are just too many events that could be put on a list of “known unknowns” for a UK chancellor to almost wilfully wish away their potential impact on the economy and the public finances. Continue reading...
