Chancellor Rachel Reeves said she “will not repeat the mistakes made by Liz Truss three years ago”, as she doubles down on promises to keep a grip on the country’s finances ahead of the Autumn Budget.
In an opinion piece written for The Guardian, the chancellor stated that the foundations of Britain's economy "remain strong", with interest rates having been cut five times since the Labour Party was elected to government in July 2024. Meanwhile, businesses are choosing Britain "as a beacon of economic stability and success in a more dangerous world", she argued, with billions of pounds of investment committed. During US President Donald Trump's state visit in September, several American firms revealed plans to invest £150bn in the UK. Although Reeves said that a "better future is...
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