UK’s Reeves says she will take action to meet fiscal rules

British Chancellor of the Exchequer Rachel Reeves listens during the 11th China-UK Economic And Financial Dialogue on January 11, 2025 in Beijing, China.

Pool | Getty Images News | Getty Images

British finance minister Rachel Reeves said on Saturday that she would take action to ensure that the government meets its fiscal rules announced in October’s budget.

“Those fiscal rules that I set out in the budget in October are non-negotiable and we will take actions to ensure that we meet those fiscal rules,” Reeves told reporters during a trip to Beijing.

Asked if she would use a budget update on March 26 to help rebuild the government’s headroom over those rules, Reeves said: “I committed just to have one budget a year and that budget will be in the autumn.”

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