Chancellor Rachel Reeves will tell her global counterparts that the UK government’s first Budget next week (30 October) “will be a reset for our economy”, as she continues to emphasise Labour’s mission of investing for growth.
Speaking to her fellow finance ministers at the International Monetary Fund's annual meetings in Washington D.C, Reeves will stress that the upcoming Budget will be "built on the rock of economic stability", as she sets about making the case for Britain as "a strong and credible international partner". Labour's first Budget since 2010 will "invest in the foundations of future growth", through borrowing to invest while maintaining fiscal prudence, according to the chancellor. To facilitate this mission to borrow to invest, Reeves is expected to change the fiscal rules to create an ad...
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