The UK Budget Was Anti-Climactic But Consequential
Nothing blew up (yet) but the budget contained an extraordinary 88 measures, few of them popular.
Rachel Reeves, UK chancellor of the exchequer.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
So that was the budget. After the farcical lead up — involving panicky speeches, equally panicky U-turns and a leak from Britain’s fiscal watchdog, the Office for Budget Responsibility (OBR) — the delivery itself couldn’t help but be anti-climactic.