Rachel Reeves avoids Liz Truss moment as markets stabilise
Friday, 1 November 2024 () UK markets stabilised on Friday, offering some reassurance to Rachel Reeves as investors, policy makers and business continued to absorb the scale and implications of her first budget.
The chancellor has defended her Autumn Budget, calling it a "robust fiscal framework" that delivers "stability", despite an adverse market reaction that included a jump in the cost of government borrowing. Rachel Reeves adds that the International Monetary Fund has given her Budget "a clean bill of health". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ed Davey has called on the government to "withdraw" its new inheritance tax measure for farmers. The Liberal Democrat leader says farmers are "worried" after Chancellor Rachel Reeves closed a loophole to stop rich people investing in land to reduce their inheritance tax bills, penalising them with a new million pound tax threshold. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has said the NHS must "live within that budget" given to them - despite concerns being raised by GP surgeries over the increase to.. Sky News
Gareth Davies says people will be asking "what is this Budget for if it's not for growth?", after Rachel Reeves raised taxes by £40bn. The shadow exchequer to the Treasury adds the chancellor's tax increases have sparked a hostile market reaction. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Liz Truss has described the blame she received over her mini-budget as "pathetic." Ms Truss was forced to stand down as prime minister in 2022 when her "mini budget" triggered a market meltdown. Speaking on stage at the Conservatives conference in Birmingham, the former prime minister said: "How on earth can we move forward as a country if people can't actually talk about the facts but instead throw insults around? I just think that's pathetic." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Friday, 1 November 2024 ()
UK markets stabilised on Friday, offering some reassurance to Rachel Reeves as investors, policy makers and business continued to absorb the scale and implications of her first budget.
![Rachel Reeves: Budget delivers desperately needed stability [Video]](https://video.newsserve.net/300/v/20241101/1392163752-Rachel-Reeves-Budget-delivers-desperately-needed-stability.jpg)
![Davey: Govt should withdraw farming inheritance tax measure [Video]](https://video.newsserve.net/300/v/20241101/1392161280-Davey-Govt-should-withdraw-farming-inheritance-tax-measure.jpg)
![Tories blame Reeves' tax hike for adverse market reaction [Video]](https://video.newsserve.net/300/v/20241101/1392157570-Tories-blame-Reeves-tax-hike-for-adverse-market.jpg)
![Liz Truss brands mini-budget blame 'pathetic' [Video]](https://video.newsserve.net/300/v/20240930/1388942350-Liz-Truss-brands-mini-budget-blame-pathetic.jpg)
