Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Richard Partington

The bond market is wrong. Reeves should not cut welfare to placate the City

an illustration showing various figurines (including one in a wheelchair) trying to stop a giant pair of scissors from closing
There are many ways to stymie economic growth –hefty income tax rises or deep cuts in areas such as welfare both hinder consumer spending. Illustration: Matt Kenyon/The Guardian

There are less than three weeks to go. In the lengthy wait for Rachel Reeves’s autumn budget, the chancellor will on Monday get the first verdict on her tax and spending plans from the Office for Budget Responsibility (OBR).

After the interminable weeks of speculation, kite flying and bad headlines, this moment matters. Has the widely anticipated fiscal gap of up to £30bn been filled? At what cost for growth, inflation, and living standards?

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.