01-December-2025
Economy News
 
UK's Reeves Painted Bleak Economic Picture Despite Having Better News, OBR Letter Shows
29-Nov-2025

British finance minister Rachel Reeves painted a bleak picture of the economy this month while she was in possession of forecasts that showed better-than-expected news for the public finances, a letter from the fiscal watchdog showed on Friday. Reeves appeared to lay the groundwork in a speech early on November 4 to break a political promise and raise income tax rates, citing a "weaker than previously thought" productivity performance.

News Source:- https://money.usnews.com/investing/news/articles/2025-11-28/uks-reeves-painted-bleak-economic-picture-despite-having-better-news-obr-letter-shows
 
 
 

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