Reeves promises to not 'return back to austerity' in pre-Budget message

'Biggest drive for growth in a generation'

Michael Nelson
clock • 1 min read

Chancellor Rachel Reeves has emphasised her promise to take “the fair and necessary choices” to deliver change and pledged not to “return Britain back to austerity” in a pre-Budget message.

Reeves – who will deliver her second Budget at 12:30pm today (26 November) – also said she would not "lose control of public spending with reckless borrowing" and will take action to cut debt. "There is nothing progressive, nothing fair, about spending £1 in every £10 of government spending, just servicing the national debt", she added. Highlighting continued plans to invest in infrastructure, defence, education and the NHS, the chancellor said she will push ahead with "the biggest drive for growth in a generation". Notably, there was no mention of any much-speculated tax increases...

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

Culture is the most effective risk tool wealth managers are missing out on

Culture is the most effective risk tool wealth managers are missing out on

'Understanding a firm's culture is understanding its risk profile'

Bev Shah
clock 09 January 2026 • 5 min read
FCA sets October 2027 date for implementation of cryptoasset rules

FCA sets October 2027 date for implementation of cryptoasset rules

Issues further guidance

Michael Nelson
clock 09 January 2026 • 1 min read
WH Ireland shareholders back Team takeover in key vote

WH Ireland shareholders back Team takeover in key vote

FCA clearance still required

Sahar Nazir
clock 09 January 2026 • 3 min read