Reeves's Credibility Crisis: Benefit Cuts or Market Panic?

Is Labour's economic credibility on the line? The Institute for Fiscal Studies warns Rachel Reeves must make tough choices on benefits or taxes to appease nervous bond investors after Labour's U-turns created a £6 billion hole in their plans. With the UK facing potentially crippling interest rates and a £22 billion black hole to fill, can Reeves convince the markets she's serious about fixing the finances, or will broken pledges and political headaches lead to a full-blown funding crisis?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.