UK's Reeves Seeks to Calm Markets After Post-Budget Selloff [Yahoo! Finance]
TAYLOR WIMPEY UNSP/ADR (TWODY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
in UK bonds, saying that the “No. 1 commitment” of the Labour government is “economic and fiscal stability.” Most Read from Bloomberg Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow Is Denver's Big Bet on E-Bikes Paying Off? NY Transit Agency Takes Next Step on Brooklyn-Queens Rail Link A South Korean City Plays Matchmaker to Tackle a Fertility Crisis There Will Soon Be No Meatpackers Left in NYC's Historic Meatpacking District “We have more headroom than the previous government left us, and that is important,” Reeves said Thursday in a Bloomberg TV interview, referring to the margin by which she meets her self-imposed fiscal rules. “We have now put our public finances on a stable and a solid trajectory.” The negative market reaction has come as traders digested the scale of the borrowing implied by Reeves' budget. The chancellor's package of measures included a £70 billion ($90 billion) annual increase in public spending and an extra £100 billion of expen
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