UK to expand fiscal buffer as bond yields stay volatile

UK Finance Minister Rachel Reeves is preparing to increase the fiscal safety margin in her November budget, aiming to calm investor nerves amid rising borrowing costs. The buffer could exceed the previously planned £9.9 billion target. With growth forecasts weakening and debt servicing costs climbing, the Treasury seeks to reassure markets that fiscal prudence remains intact despite higher expenditure pressures. Economists expect debt issuance guidance to follow. (Reuters)