The confidential file – which was despatched to Reeves forward of the Spring Forecast on 26 March – was mentioned to reveal the OBR downgrading its progress forecast for the UK, Bloomberg reported on Tuesday (11 February).
The downgrade would have main implications for Reeves, as it could imply her division’s close to £10bn buffer has been worn out and the federal government could also be compelled to make spending cuts or probably hike taxes.
UK economic system beats expectations and grows 0.1% in last quarter of 2024
Final October, Reeves modified the UK’s present fiscal guidelines to facilitate extra borrowing for inve…
