Bank’s interest rate vote and bond plans are little help to Reeves before budget
NegativeFinancial Markets

The Bank of England's recent decision to hold borrowing rates steady and continue bond sell-offs has left Rachel Reeves, the shadow chancellor, in a challenging position as she prepares for a difficult autumn budget. While the bank's approach is described as 'gradual' and 'predictable', many believe that a more proactive stance could have provided the support Reeves needs to navigate the upcoming financial landscape. This situation highlights the ongoing tension between monetary policy and fiscal planning, making it a crucial moment for the UK economy.
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