Reeves, Spurned by Voters, Hopes to Win Over UK Bond Markets

Rachel Reeves’ first budget helped make her Britain’s most unpopular chancellor of the exchequer in decades. She’s betting that her second will win over at least one constituency: the bond market.

The budget that Reeves is set to deliver on Nov. 26 looks every bit as difficult as last year’s, with the chancellor mulling tax hikes and spending cuts to close a fiscal hole of as much as £30 billion ($40 billion).