“This is not an immediate market crisis,” says Rupert Harrison, who was Chair of the UK’s Council of Economic Advisers from 2010 to 2015. However, if Chancellor Rachel Reeves is “shown to be missing her fiscal rules,” and is forced to change spending plans, he adds, “that is going to be politically extremely embarrassing.” (Source: Bloomberg)
'Sigh of relief' in Treasury today, says former Conservative Adviser
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