UK’s Reeves Seeks to Calm Markets After Post-Budget Selloff
- Chancellor Rachel Reeves speaks in Bloomberg TV interview
- UK assets have slumped since Reeves’ fiscal plan on Wednesday
Chancellor of the Exchequer Rachel Reeves sought to reassure the financial markets after her budget on Wednesday triggered a selloff in UK bonds, saying that the “No. 1 commitment” of the Labour government is “economic and fiscal stability.”
“We have more headroom than the previous government left us, and that is important,” Reeves said Thursday in a Bloomberg TV interview, referring to the margin by which she meets her self-imposed fiscal rules. “We have now put our public finances on a stable and a solid trajectory.”