UK’s Labour government to present budget under pressure from party base, bond markets

UK Finance Minister Rachel Reeves will present her second annual budget to parliament this Wednesday, promising to plug a spending gap of at least £30 billion (€30.4 billion). Reeves has been under pressure both from her Labour Party backbenchers and investors to deliver a financial plan that delivers on her campaign promises, while shoring up public finances. We take a closer look in this edition.