FILE PHOTO: Chancellor of the Exchequer Rachel Reeves gives a speech at the Treasury in London, Britain. Jonathan Brady/Pool via REUTERS/File Photo
LONDON: The United Kingdom’s new Labour government won’t return to the austerity cuts of its Conservative predecessors, Chancellor of the Exchequer Rachel Reeves says, as she pivots towards a more positive narrative after weeks of warning about the dire state of the public finances.
With Labour yesterday hosting what was billed as the biggest ever business day at its annual party conference, Reeves was set to dangle the prospect of higher rates of investment as the key to unlocking the growth needed to fund government priorities.
