Labour infighting puts chancellor’s budget plan to reassure bond markets at risk

Labour's internal conflicts are jeopardizing Chancellor Rachel Reeves' upcoming budget plan, scheduled for November 26, which aims to reassure government bond markets. The turbulence within the party, exacerbated by aggressive briefings from No 10, threatens to undermine investor confidence just weeks before the budget announcement. While there were hopes that proposed tax increases could reduce borrowing costs, the ongoing infighting may hinder these efforts, raising concerns about the stability of the financial markets and the government's fiscal strategy.