Britain’s budget risks being a huge missed opportunity

MANY politicians would kill to be in Rachel Reeves’s position. For her first budget on October 30th, Britain’s chancellor has the benefit of an unassailably large majority in Parliament, a leaderless opposition and almost five years before the next election—enough time for even slow-burn policies to start winning over voters. If there were ever a moment to reshape how tax and spending work in Britain in support of the government’s self-professed aim of igniting growth, this is it.