Economy ‘not working well enough’, says Reeves as she sets November 26 Budget
Autumn Budget date confirmed as Rachel Reeves admits ‘there’s more to do’
- Chancellor Rachel Reeves has announced that her Autumn Budget will be delivered on 26 November.
- She has requested the Office for Budget Responsibility to prepare an independent forecast to accompany the Budget.
- Reeves acknowledged the economy is not working well enough and pledged a tight grip on spending to curb inflation and borrowing costs.
- The Chancellor is widely expected to have to raise taxes to address a potential £51 billion shortfall in the nation's finances.
- Her priorities include fixing economic foundations, controlling day-to-day spending, and fostering investment and reform to build an economy that benefits working people.