Former Conservative U.K. Treasury Minister and Goldman Sachs Chief Economist Jim O'Neill says the Budget is being driven by a desire to keep Labour Party MPs on side.

Former Conservative U.K. Treasury Minister and Goldman Sachs Chief Economist Jim O'Neill says the Budget is being driven by a desire to keep Labour Party MPs on side.

Weaker growth expectations arising from Rachel Reeves' crucial statement could spur further rate cuts from the Bank of England.