Keep calm and carry on: Britain’s finance minister tries to dodge the Biden trap

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LONDON — The U.K.’s finance minister insists the British people are going to feel richer. Just not yet. Rachel Reeves delivered a biannual forecast on Tuesday that insisted inflation, borrowing and debt will all fall by the next general election, benefiting people by £1,000 a year. Voters, she said, will ask themselves one question in 2029: “Are me and my family better off?” And, the chancellor told MPs: “I am determined that the answer will be yes.” Reeves has a reason to point to the future —

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