LONDON — U.K. Chancellor Rachel Reeves will hold her second budget on November 26, the government confirmed Wednesday.
Her latest tweaks to the public finances will come alongside new economic forecasts from independent watchdogs, which are expected to paint a difficult picture for the country’s top finance minister.
Growth in Britain — a central ambition of the government — has long been sluggish, while the cost of government borrowing has been climbing. A stagnant economy, a self-imposed cap on borrowing for day-to-day public spending, and a manifesto pledge not raise Britain’s three main taxes mean Reeves’ room for maneuver is limited.
