News Formal

UK Finance Minister Reeves Vows No Austerity But Promises 'Difficult Choices'

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 50 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 63%

Politics Noticias

UK Politics,Labour Party,Rachel Reeves

British Finance Minister Rachel Reeves has pledged that there will be no return to austerity policies as she prepares to unveil her budget proposals next month. While acknowledging the tough economic challenges inherited from the previous Conservative government, Reeves emphasized her commitment to rebuilding Britain through ambitious spending and taxation measures.

The ruling Labour government has faced criticism for generating an atmosphere of doom over the state of the public finances.

Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, but said she would make hard choices as she lays out budget proposals next month. The ruling Labour government has faced criticism for generating an atmosphere of doom over the state of the public finances, with Prime Minister Keir Starmer warning ofReeves has suggested that taxes are likely to rise at her upcoming Oct. 30 Autumn budget after discovering a £22 billion "black hole" in the public finances. Her predecessor Jeremy Hunt, from the rival Conservative Party, has denied the claims as"I know that you are impatient for change.

Reeves also restated the government's position as"proudly pro-business," referencing plans next month to host a business summit and announce proposals for a new national industrial strategy. That, she said, would include measures for Britain to reach its net zero and clean energy goals by 2030.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 270. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

UK Finance Minister Reeves vows no austerity despite tough budgetFollowing Labour's election victory in July, Rachel Reeves suggested taxes were likely to rise in her first budget on Oct. 30.
Fuente: CNBC - 🏆 12. / 72 Leer más »

No return to austerity, says UK finance minister Rachel ReevesUK Finance Minister Rachel Reeves will pledge no return to austerity policies despite warnings of tough budget decisions aimed at fixing the economy. Reeves will emphasize stability as crucial for investment and future planning.
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Japan finance minister says Seven & i's new 'core' tag doesn't raise bar for buyoutJapan finance minister says Seven & i's new 'core' tag doesn't raise bar for buyout
Fuente: Investingcom - 🏆 450. / 53 Leer más »