Rachel Reeves has made a major announcement concerning the upcoming Autumn Budget. The Chancellor of the Exchequer has confirmed she will deliver her next financial plan on November 26.

In a video published on social media , Ms Reeves acknowledged that the economy is "not working well enough" and promised a "tight grip" on spending.

Her update comes amid rampant speculation about tax rises and market jitters over the UK’s public finances.

Ms Reeves on Wednesday said she had asked the Office for Budget Responsibility (OBR) - the UK's fiscal watchdog - to prepare an independent forecast on the late November date to accompany the Budget.

The Chancellor said she will prioritise curbing inflation and borrowing costs, keeping public spending under control by meeting her fiscal rules,

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