Labour Chancellor Rachel Reeve has vowed to deliver a “pro-growth” budget next month as she seeks to put the country on a path to long-term prosperity. In a series of broadcast interviews ahead of her keynote speech at the party’s annual conference, Reeve declared her ambition to lead “the most pro-growth Treasury ever”.
Reeve acknowledged the tough decisions ahead, saying she inherited a difficult economic situation from the previous Conservative government. However, she expressed confidence that by “fixing the foundations” and unlocking investment, Britain’s “best days” lie ahead.
The Chancellor defended her controversial decision to means-test the winter fuel payment, saying it was necessary given the state of public finances. She also addressed concerns over politicians receiving donations and free gifts, saying transparency is crucial.
Reeve struck an optimistic tone, telling the BBC: “If we can do those things, return stability, bring investment back to Britain, that we can grow our economy and the best days lie ahead for our country.” She vowed to create and share wealth across all parts of the UK, saying “the future is arriving” with the sound of “shovels in the ground and cranes in the sky”.
Despite some expected criticism over the winter fuel cut, Reeve appears determined to project an image of a Labour government focused on long-term economic renewal. As she prepares to deliver her first budget next month, the Chancellor is setting the stage for what she hopes will be a transformative period for the country.
