As the later-than-usual date is set, chancellor insists the economy ‘isn’t broken’ but ‘isn’t working well enough’
Rachel Reeves acknowledged that the UK economy is “not working well enough for working people” as she announced that her second budget will take place on 26 November, amid mounting speculation over tax increases.
The later than usual date will probably lead to weeks of speculation about how the Treasury will raise additional revenue – but the chancellor hopes to use the time to set out new pro-growth reforms.
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