'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock • 2 min read

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...

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 Economics / Markets

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read