UK’s fiscal repair job ‘far from complete’ after budget as debt keeps rising – business live
Rolling coverage of the latest economic and financial news Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget The pound has inched up to a one-month high against the US dollar, as City traders react to yesterday’s budget announcement. Sterling traded as high as $1.3268 early this morning, the highest since 29 October, adding to yesterday’s gains. Taking the chance offered by a helpful official forecast to avoid hard decisions has increased the Chancellor’s and Prime Minister’s chance of political survival. The fall in yields and strengthening of the pound is probably more due to the waning of political…