The U.K. Treasury on Wednesday revealed Finance Minister Rachel Reeves will deliver the nation's Autumn Budget on Nov. 26 amid heightened pressure to resolve a fiscal conundrum over spending, taxation and borrowing.

The budget will address an economy that's "not working well enough for working people," Reeves said Wednesday in comments released by the Treasury.

"Bills are high. Getting ahead feels tougher. You put more in, get less out. That has to change," she added.

The U.K.'s long-term borrowing costs rose this week amid market jitters over the forthcoming budget, and how the British finance minister will meet self-imposed fiscal "rules" to make sure day-to-day spending is funded by tax receipts, rather than borrowing, and to lower U.K. debt over the next few years. Reeves has repe

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