ECONOMY

Reeves seeks fiscal headroom, eyes Gulf deals

Chancellor Rachel Reeves signalled she will seek greater fiscal headroom in November’s Budget, implying last year’s £9.9bn buffer is insufficient and leaving tax rises and/or spending cuts on the table. Citing the need to meet fiscal rules and guard against shocks, she said growth will be central, as the IFS estimates a £22bn shortfall. On a visit to Saudi Arabia and Qatar — first UK chancellor to the Gulf in six years — Reeves expects trade and investment deals, though a GCC pact would add only £1.6bn a year. The day‑one Employment Rights Bill faces pushback.

Reviewed by JQJO team

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