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Chancellor admits she was 'wrong' to say higher taxes not needed during election

Sky News Sunday, 3 November 2024 ()
Rachel Reeves has admitted she was "wrong" to say higher taxes were not needed during the election campaign - but businesses will have to make less money or pay staff less to cover their tax increase.
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Rachel Reeves Rachel Reeves British politician (born 1979)

Chancellor wants to go ‘further and faster’ with growth [Video]

Chancellor wants to go ‘further and faster’ with growth

Chancellor Rachel Reeves says she wants to go “further and faster and ensure that economic growth is felt by working people” following modest predictions by the OBR after Wednesday's budget. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:49Published
Chancellor hails US investment in Cambridge campus [Video]

Chancellor hails US investment in Cambridge campus

Rachel Reeves describes a £500 million private investment by a US firm Prologis into Cambridge Biomedical Campus as a "real show of confidence in what this Government are doing to grow the economy". The chancellor also defends her decision to raise money via employers National Insurance contributions which will also affect some GP surgeries and care homes saying “the NHS has got the money it needs”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:23Published

Rachel Reeves avoids Liz Truss moment as markets stabilise

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Sky News
Rachel Reeves: Budget delivers desperately needed stability [Video]

Rachel Reeves: Budget delivers desperately needed stability

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

Credit: ODN    Duration: 01:47Published

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