UK's Reeves announces budget update to parliament
Published by Global Banking & Finance Review®
Posted on March 26, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 26, 2025
1 min readLast updated: January 24, 2026
Rachel Reeves updates UK parliament on the budget, highlighting global uncertainty's impact on finances and the importance of fiscal rules.
LONDON (Reuters) - British finance minister Rachel Reeves announced her budget update to parliament on Wednesday.
Below are the quotes on the key issues:
REEVES ON GLOBAL UNCERTAINTY
"The global economy has become more uncertain."
"The increased global uncertainty has had two consequences. First, on our public finances. And second, on the economy."
REEVES ON FISCAL RULES
"These fiscal rules are non-negotiable. They are the embodiment of this government’s unwavering commitment to bring stability to our economy."
(Reporting by UK bureau)
The main topic is the UK budget update announced by finance minister Rachel Reeves in parliament.
The fiscal rules are guidelines set by the government to ensure economic stability and discipline.
Global uncertainty impacts the UK's public finances and overall economic stability.
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