Reeves Risks Fiscal Rule Breach, Bond Market Test in Spring.

Chancellor of the Exchequer Rachel Reeves faces the risk of breaching her own fiscal rules, potentially leading to a fiscal shortfall early next year. The Office for Budget Responsibility may declare this breach in the spring economic update, forcing Reeves into an unscheduled mini-budget amidst market uncertainty. Economists predict that Reeves may need to raise taxes or make savings to meet her fiscal rule, with potential consequences for the UK's economic outlook and bond market stability. [Extracted from the article]