Finance minister outlines plan to ‘rebuild Britain’ amid fiscal challenges, pledges tough decisions with ‘no return to austerity’

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Britain,United Kingdom UK,Rachel Reeves

LIVERPOOL, Sept 23 — British finance minister Rachel Reeves today will vow to “rebuild Britain” after 14 years of Conservative leadership, warning of “difficult...

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King: Visit to China a success, Malaysia can emulate many things to restore country’s reputation after previous challenging years The speech, which comes a little over a month before the ruling Labour Party’s first detailed budget, will be closely watched by investors amid fears of tax hikes. Starmer previously warned Britons that the budget announcement on October 30 would be “painful”, with tax rises and spending cuts expected.

“I know that promise has felt far off in recent years. As our growth, productivity and family incomes have fallen behind,” she will add, announcing a “decade of national renewal”. Labour has already pledged to axe a winter fuel allowance for 10 million pensioners — a vehemently criticised decision.

 

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