{"id":135803,"date":"2025-11-15T04:53:12","date_gmt":"2025-11-15T04:53:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/135803\/"},"modified":"2025-11-15T04:53:12","modified_gmt":"2025-11-15T04:53:12","slug":"reeves-latest-reversal-leaves-britain-exposed-to-next-crisis","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/135803\/","title":{"rendered":"Reeves\u2019 Latest Reversal Leaves Britain Exposed to Next Crisis"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Rachel Reeves has boxed herself into a corner and left the UK government exposed to future fiscal shocks, economists warned, after the Chancellor of the Exchequer <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-14\/reeves-to-drop-tax-rise-plans-because-of-better-uk-forecasts\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">backtracked<\/a> on plans to break Labour\u2019s election manifesto by raising income tax.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Although the decision was taken after the Office for Budget Responsibility handed her a less-bad-than-expected fiscal forecast, the volte-face nonetheless followed a week of party infighting and public concerns that put the politics of the budget front and center.<\/p>\n","protected":false},"excerpt":{"rendered":"Rachel Reeves has boxed herself into a corner and left the UK government exposed to future fiscal shocks,&hellip;\n","protected":false},"author":2,"featured_media":120948,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,52767,4568,1951,219,266,1619,111,139,69,135,33522,2373,41050,2025],"class_list":["post-135803","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-capital-spending","tag-earnings","tag-economics","tag-economy","tag-government","tag-london","tag-new-zealand","tag-newzealand","tag-nz","tag-politics","tag-tax-cuts","tag-taxes","tag-u-s-environmental-protection-agency","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/135803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=135803"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/135803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/120948"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=135803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=135803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=135803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}