UK fiscal watchdog’s early budget release steals Reeves’ thunder 

Reuters was first to report on the key details of Wednesday’s UK budget after the Office for Budget Responsibility (OBR), Britain’s fiscal watchdog, mistakenly published its forecasts before finance minister Rachel Reeves delivered them in parliament.  

According to the OBR estimates, reported by Reuters 18 minutes ahead of the competition, tax rises due to be announced by Reeves in her budget would raise an extra 26.1 billion pounds ($34.4 billion) a year in tax by 2029/30.  

The pound rose briefly to session highs, while UK government bond prices staged a short, sharp rise following the release of the details.