Phil Aldrick
banner
philaldrick.bsky.social
Phil Aldrick
@philaldrick.bsky.social
Economics reporter, Bloomberg
There is recent precedent. Last October the OBR added 0.25ppts to its rates forecast to anticipate the inflationary impact of the budget on markets www.bloomberg.com/news/article...
November 13, 2025 at 10:41 AM
There is an OBR growth downgrade coming but she’ll pin that on Tory austerity and Brexit for hammering productivity 7/

www.bloomberg.com/news/article...
Rachel Reeves Hints She’ll Boost UK’s Fiscal Buffer at Budget
UK Chancellor of the Exchequer Rachel Reeves gave the clearest signal yet that she will boost her wafer-thin fiscal buffer at next month’s budget to put the public finances on a more stable footing, a...
www.bloomberg.com
October 19, 2025 at 2:22 PM
The ambition is to increase the headroom from £9.9bn alongside move to one OBR assessment, to restore policy stability and reassure markets 6/
www.bloomberg.com/news/article...
October 19, 2025 at 2:22 PM
She wants to lower inflation via regulated prices, to help bring down borrowing costs which have been the “fastest rising item of gov spending,” she told C4 5/

www.bloomberg.com/news/article...
October 19, 2025 at 2:21 PM
Welfare cuts will be found, which could restore some of the government’s lost credibility with markets since the damaging u-turn. The Times reported that £1bn may be saved from Motability benefits 4/
www.bloomberg.com/news/article...
October 19, 2025 at 2:21 PM
She looks likely to give business a reprieve from more tax rises in a bid to make the budget “pro-growth” 3/

www.bloomberg.com/news/article...
October 19, 2025 at 2:20 PM
She seems reluctant personally to do a bank tax but it remains on the table 2/

www.bloomberg.com/news/article...
October 19, 2025 at 2:19 PM
Reeves has confirmed this, telling Times Radio “The IMF have said that we should move to just one major fiscal event a year and I agree … we do need to change the way that the OBR do their forecasting and two full forecasts a year make it harder to have that one fiscal event.”
September 29, 2025 at 8:44 AM
Tallies with IFS finding last year that middle earners are paying less income tax and NICs than at any point in the past 50 years
ifs.org.uk/publications...
September 25, 2025 at 12:34 PM
The Companies House filings are public now and reveal the Foreign Office made Mandelson divesting his 21pc stake (£6m-ish) in GC a requirement of him becoming ambassador. It didn't happen and the FO was putting the pressure on. find-and-update.company-information.service.gov.uk/company/1053...
September 24, 2025 at 12:23 PM