Rachel Reeves looks for extra headroom in budget to insulate UK economy against bond market - short news
Chancellor hopes to raise enough funds to stop damaging speculation about breaching fiscal rules
Rachel Reeves v the OBR: chancellor aims to loosen the watchdog’s grip
Rachel Reeves is aiming to create more “headroom” against her fiscal rules in November’s tax-raising budget, to cushion the UK against volatile government bond markets.
The chancellor met her first rule – to balance taxes and day-to-day spending – with £10bn to spare in last autumn’s budget,..
source: The Guardian - 11.10.2025