Reeves Looks to Woo Budget Watchdog With Plan to Cut Inflation

Rachel Reeves should get billions of pounds of extra room in her upcoming budget, UK Treasury officials believe, thanks to her plan to cut household bills and bring down inflation.

The Chancellor of the Exchequer’s officials have taken their case to the government’s fiscal watchdog and asked that it takes into account measures on energy bills, rail fares and other regulated prices in its budget forecast, according to people familiar with the matter.