Tomorrow’s Guardian front page: Fears Reeves may be forced into further tax increases

Shadow business sec Andrew Griffith gets a hard time at Make UK’s conference, from an audience he might’ve hoped would be friendlier as Labour hikes taxes

One speaker lays into 14 years of economic damage. Another asks what Tories would do to balance the books - to laughs when no clear answer comes

Also a reminder that the education division contributed significantly more in 2012, when the then Conservative-Lib Dem coalition near tripled university tuition fees (paid by significantly more people than for private schools)

www.theguardian.com/business/201...

But it leads to other commentators saying things like this… are investors really bracing for something that could rival the 1976 IMF bailout?

Some more context on Weale’s words

Are these comparisons getting a bit much? Not to diminish the problems facing the government too much… but going cap in hand to the IMF?

Praise be, the Euston departure boards are back!

Today’s Guardian front page: Reeves told she will have to raise further £9bn to avoid UK public service cuts - with @jessicaelgot.bsky.social

www.theguardian.com/politics/202...

One to watch today: UK 10 year bond yields.

Lots of reports of a rise ahead of the budget (But... it's not ALL about that. Read our piece here: theguardian.com/uk-news/2024...)

Yields have come back a bit this morning.

The sickness trap: how Barnsley has tried to fight back against worklessness

In today's @ObserverUK, my article on economic inactivity, and how Rachel Reeves's budget might learn from South Yorkshire: www.theguardian.com/business/202...

Excellent chart from Deutsche Bank on rising gilt yields ahead of Reeves' budget: Speculation over fiscal rule changes (and extra borrowing) may have driven spreads.

But nothing out of the ordinary*. And but a whimper compared to Liz Truss's mini budget.

(*Define ordinary...)

It’s not capacity. It’s not speed. It’s not reliability. It’s maybe not even the ridiculous prices… The biggest challenge for Great British Railways: