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Rachel Reeves vs the Hydra (the black hole that keeps on growing)

Summary by City AM
Super-heroine Rachel Reeves is in battle with a mythical beast that keeps multiplying, and the OBR won’t help her, writes Paul Ormerod When Rachel Reeves became Chancellor in July 2024, she announced that her tenure would be the most pro-growth “in our country’s history”. A key part of this strategy was to persuade the financial markets that everything would be safe and secure under Labour. In early August that year the Treasury published a docu…
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City AM broke the news in London, United Kingdom on Wednesday, October 8, 2025.
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