UK Borrowing Costs Fall After OBR Budget Leak Reveals Bigger Fiscal Buffer and Tax Rises
Accidental early release of the OBR's Budget forecast sent gilt yields lower and sterling higher, while exposing Reeves' plan for big, back-loaded tax rises.
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Accidental early release of the OBR's Budget forecast sent gilt yields lower and sterling higher, while exposing Reeves' plan for big, back-loaded tax rises.
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October borrowing hit £17.4bn, above forecasts and the OBR path, tightening Chancellor Rachel Reeves's room to ease policy in next week's budget.