News Formal

No return to austerity, says UK finance minister Rachel Reeves

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 34 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 53%

Politics News

Austerity,Budget,Rachel Reeves

UK 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.

LIVERPOOL, England - Finance minister Rachel Reeves will promise Britain on Monday there will be no return to"austerity" or widespread spending cuts despite previous warnings of a tough budget aimed at fixing the foundations of the economy.

At the Labour Party conference in the northern English city of Liverpool, Reeves will use Monday's keynote speech to reiterate that she will make the necessary decisions to give the stability she said was"the essential precondition for business to invest with confidence and families to plan for the future".

Amid criticism that Reeves and Prime Minister Keir Starmer have taken an overly gloomy view which, along with a furore over donations, has cast a pall over what would otherwise have been a Labour celebration of their first election win for 14 years, she will hint at a brighter future beyond the tough circumstances she inherited.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: Investingcom - 🏆 450. / 53 Read more »

Swiss finance minister chides US, Europe over 'time bomb' debt levelsSwiss finance minister chides US, Europe over 'time bomb' debt levels
Source: Investingcom - 🏆 450. / 53 Read more »

Japan will continue to assess economic impact of stronger yen, finance minister saysJapan will continue to assess economic impact of stronger yen, finance minister says
Source: Investingcom - 🏆 450. / 53 Read more »

Turkish finance minister sees balanced growth composition in 2024Turkish finance minister sees balanced growth composition in 2024
Source: Investingcom - 🏆 450. / 53 Read more »

Tel Aviv to finance 'settler storming' of Al-Aqsa Mosque: Israeli ministerIsrael's Heritage Ministry says it will allocate $545,000 to arrange for illegal settlers' storming of Al-Aqsa.
Source: trtworld - 🏆 101. / 63 Read more »