Has the bond market turned against Rachel Reeves?

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Financial Times 23h ago

Has the bond market turned against Rachel Reeves? - Financial Times

Quick Summary:

The situation is damaging for the Labour government in light of Reeves’ claims that her October fiscal statement marked a landmark effort to “wipe the slate clean” when it comes to the UK’s budgetary woes.

The deterioration in the UK’s fiscal prospects comes as the government prepares for the next stage of its multiyear spending review, whose results are expected in June.

Officials have signalled that if Reeves needed to make a correction to fiscal policy this spring, it would likely come via tighter spending plans rather than early tax rises.