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World

Treasury: no plans for Reeves’ robes

11 October 2024

2:30 AM

11 October 2024

2:30 AM

It’s tough times at the Treasury for poor Rachel Reeves. With three weeks to go until Labour’s first Budget, every mandarin on Horse Guards Road has been rummaging down the back of the proverbial sofa, looking for any extra cash to spend. The fiscal rules look set for a rejig; taxes are likely to be raised and there’s talk even of spending cuts – though whether the Chancellor can get that past her backbenchers remains another matter.

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