Business and Finance Business and Finance

Rachel Reeves: I will not 'tax and spend'


Published on 2025-03-22 02:20:41 - BBC
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  • In an interview with the BBC's Laura Kuenssberg, the chancellor opened up on the public finances and how she's finding the job.

Rachel Reeves, the UK's Shadow Chancellor, has explicitly stated that under a potential Labour government, there will be no return to the traditional "tax and spend" policies. In an interview with The Times, she emphasized that Labour's approach would focus on economic growth rather than increasing taxes or public spending. Reeves highlighted the need for fiscal responsibility, aiming to reassure voters and businesses that Labour would manage the economy prudently. She mentioned that while there are areas like health and education that require investment, this would be balanced with economic growth strategies rather than through raising taxes. This stance is part of Labour's broader strategy to appeal to a wider electorate by distancing itself from past perceptions of fiscal irresponsibility.

Read the Full BBC Article at:
[ https://www.msn.com/en-xl/politics/government/rachel-reeves-i-will-not-tax-and-spend/ar-AA1BqMMR ]