Bangladesh, Nov. 30 -- Labours latest autumn budget, delivered with much fanfare by Chancellor Rachel Reeves, may have seemed at first glance a careful balancing act of fiscal prudence and social responsibility. Yet, upon closer inspection, it exposes a government still caught in the shackles of short-termism, reacting to market pressures and political optics rather than pursuing a bold, transformative vision for the UK economy.

Halloween may have been weeks behind us, but one ghost seemed to hover over the budget: the spectre of the bond markets. In her Commons speech, Reeves repeatedly referenced Liz Trusss disastrous 2022 mini-budget as a cautionary tale, emphasizing the fragility of market confidence. The media and commentators quick...