Rachel Reeves looks to reassure bond markets with tax-heavy budget – business live

Rolling coverage of the latest economic and financial news, as the City braces for the budgetMillions of UK workers to get pay rise as Reeves plans increased minimum wageWhat to expect in budget 2025: tax, VAT, pensions, savings and moreCould you do better than Reeves as chancellor? Play our interactive budget gameDeutsche Bank’s UK economist, Sanjay Raja, has predicted that Rachel Reeves will deliver a second “historic tax-raising budget”, although the scale won’t be as large as last year’s effort.Raja predicts that macro-economic downgrades, policy u-turns, and a push to shore up fiscal resilience will probably lead the Chancellor to deliver nearly £35bn of fiscal consolidation. Continue reading...

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