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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Rachel Reeves faces a set of difficult — and potentially election promise-breaking decisions — as she seeks to close a yawning gap in the public finances when she draws up the UK’s annual budget next month. Britain’s chancellor will have to find as much as £35 billion ($46 billion) in order to restore the £9.9 billion margin for error she enjoyed in the accounts in March. That’s because weak growth, higher borrowing costs and policy u-turns have punched a hole in her spending plans.
