UK’s new Chancellor says won’t return to the austerity cuts of Conservative predecessors

UK Chancellor of the Exchequer Rachel Reeves will speak on Monday.

• will say “There will be no return to austerity. Conservative austerity was a destructive choice for our public services – and for investment and growth too”
• Reeves says there will be “tough decisions. But we won’t let that dim our ambition for Britain.”
• will also reiterate that Labour’s manifesto commitments not to raise income tax, National Insurance social security payments, value-added tax and corporation tax

Debt blowout anyone?

This article was written by Eamonn Sheridan at www.forexlive.com.