Why the UK’s 2025 budget has Rachel Reeves facing an ‘impossible trilemma’
Update: 2025-11-26
Description
The United Kingdom is set to unveil its annual budget on Wednesday against a backdrop of poor public finances and widespread public discontent with the governing Labour Party. UK Chancellor Rachel Reeves faces the onerous task of restoring the public finances to health, while upholding a number of pledges that leave her with little manoeuvring room on taxes and spending. Economists say that Reeves will have little choice but to compromise on her plans as she faces what a leading think tank has dubbed an “impossible trilemma”. Al Jazeera’s Willem Marx reports. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #UnitedKingdom #UKBudget2025 #RachelReeves #UKEconomy #FiscalCrisis #TaxHikes #PublicFinances #Inflation #NationalDebt #CostOfLiving #LabourGovernment
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