U.K. Budget Calms Markets and Labour Faithful — Will It Win Voters?
Lead: On Nov. 26, 2025 in London, Chancellor Rachel Reeves unveiled a budget that combined modest spending increases with tax rises aimed at higher earners and middle-income households. The immediate market response was positive: the pound strengthened against the dollar and government borrowing costs fell, easing short-term pressures on Prime Minister Keir Starmer. Labour MPs, … Read more