Heads up: UK Autumn Budget will be in focus tomorrow

The Budget statement typically begins around 1230 GMT, following the end of PMQs. There will be a lot of moving parts to scrutinise but the key narrative is that UK Chancellor Reeves has a very, very tough balancing act to manage. Not only does she need to plug the £20 billion hole in public finances, she needs to reaffirm investors of her fiscal responsibility while having to keep Labour’s pledge on not raising taxes on the working class as well as keeping government spending under control. And all this while already coming under intense political pressure and scrutiny over the last few months.For some context, public sector net debt in the UK now sits at 95.3% of GDP as of September – the highest in over six decades. Meanwhile, government borrowing ballooned up to £20.2 billion and that brings total borrowing in the first six months of the financial year to £99.8 billion. That is some £7.2 billion more than what the OBR had fo