Chancellor vows to swerve Tory government planned investment cuts 'mistakes' - reports

Rachel Reeves makes pledge head of Autumn Budget

Sorin Dojan
clock • 1 min read

Chancellor Rachel Reeves has promised to avoid repeating the former Conservative government’s mistake of scaling down planned investment.

According to a report by the FT, Reeves told reporters on Thursday (3 October) she would not repeat the "mistakes" done by the previous government of not prioritising investment but declined to provide further details about any public investment spending plans. "They were cutting back on investment at exactly the time when we need to be increasing investment in our economy," she added. She argued that she will outline the "the details of the fiscal rules in the Budget" and stressed that "we have to make sure we unlock that space for capital investment". The chancellor's comments ca...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers concerned clients are being misled by AI - research

Advisers concerned clients are being misled by AI - research

More than two thirds flag concerns about clients turning to AI for financial advice

Sophia Panayi
clock 04 June 2026 • 1 min read
Standing out from the crowd: WIFA entry tips from judge Gillian Hepburn

Standing out from the crowd: WIFA entry tips from judge Gillian Hepburn

'The number of outstanding entries always makes judging challenging'

Gillian Hepburn
clock 04 June 2026 • 4 min read
Advisers report under 50s make up growing chunk of client banks

Advisers report under 50s make up growing chunk of client banks

Under 40s make up almost a third, FE Fundinfo research finds

Sophia Panayi
clock 02 June 2026 • 2 min read