Reeves ‘will be forced to hold Spring Budget’ to settle gilt jitters, Abrdn predicts

Chancellor Rachel Reeves will be forced to hold a spring Budget this year to rein in government spending and settle investors’ nerves, after the cost of government borrowing hit multi-decade highs this week, Abrdn has predicted. Despite ministers insisting the gilt market was functioning in an “orderly” way and no emergency measures would be taken, [...]