CNBC's UK Exchange newsletter: Britain's Reeves paints a confusing picture as pressure builds from all sides [CNBC]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: CNBC
There's been unprecedented amounts of “kite flying,” as an increasingly desperate Treasury has publicly floated possible policy announcements to see how they will be received, along with an embarrassing U-turn. Along the way, business leaders, think tanks and other interested parties have been making clear what they want. It has all amounted to the noisiest build-up to a Budget in recent memory. This report is from this week's CNBC's UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Some 84 days after announcing the date of her second Budget, Rachel Reeves, Britain's chancellor of the Exchequer (finance minister), will finally unveil her plans next Wednesday. The intervening period has been unlike any previous Budget. Once, chancellors entered a period of “purdah,” during which they made no public policy pronouncements. This was to maintain the integrity not only of the Budget process but also stability in financial markets and was strictly adh
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