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black wednesday

  • Is Rachel Reeves heading for her own black Wednesday moment?

    Opinion

    If the OBR downgrades growth forecasts and the Chancellor breaks one of her own fiscal rules, it could be the beginning of the end for Rachel Reeves just as Black Wednesday was for Norman Lamont and the Major government, says Malcom Gooderham Within months of winning the 1992 general election John Major’s administration suffered a [...]

    Banks were spared from the last Reeves tax raid, but they may not be so lucky come the next budget.

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