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 Nouvelles

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.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 270. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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.
La source: CNBC - 🏆 12. / 72 Lire la suite »

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.
La source: Investingcom - 🏆 450. / 53 Lire la suite »

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
La source: Investingcom - 🏆 450. / 53 Lire la suite »