Politics10/17/2025Bloomberg

UK’s Reeves Hints at Bigger Fiscal Buffer as Budget Takes Shape

UK’s Reeves Hints at Bigger Fiscal Buffer as Budget Takes Shape

UK Chancellor Rachel Reeves has hinted at increasing the fiscal buffer in the upcoming budget, signaling a move towards more stable public finances. Reeves, speaking in Washington, outlined the broad policy plans that will shape the budget next month. The chancellor's comments suggest a shift from the previous administration's approach, which had a narrow fiscal buffer. Reeves aims to put the UK's public finances on a more secure foundation, potentially allowing for greater flexibility in economic policymaking. The move comes as the UK faces economic challenges, including high inflation and the lingering effects of the COVID-19 pandemic. By strengthening the fiscal buffer, Reeves hopes to provide a cushion against future economic shocks and ensure the long-term sustainability of the country's finances. The details of the budget and the extent of the fiscal buffer increase are yet to be finalized, but Reeves' remarks indicate a willingness to take a more prudent approach to managing the UK's public finances.

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