Britain's finance minister calls for spending discipline but no return to austerity

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U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, saying her budget proposals will look to rebuild the country.

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

Rachel Reeves, Chancellor of the Exchequer, speaks to the media ahead of her keynote speech during the Labour Party Conference 2024 at ACC Liverpool on September 23, 2024 in Liverpool, England.Liverpool, ENGLAND — Her speech, briefly interrupted by heckles from a protester in the crowd, came as Labour kicked off its annual party conference on Monday — its first in power for 15 years.

 

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