Branch² Intelligence
Reeves issues warning to successor as she battles to defend record
Key takeaway
Chancellor Reeves warns successor to maintain fiscal credibility in final Mansion House speech.
- Step 1Reeves' warning signals potential fiscal policy shift under new PM.
- Step 2Market reassesses UK fiscal credibility; gilt yields may rise if continuity is doubted.
- Step 3Higher gilt yields transmit to SME lending rates, increasing cost of capital for small businesses.
Source: City A.M.
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