Rachel Reeves, Budget
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Labour are now even less trusted to run the economy than Liz Truss was in the wake of her disastrous mini-Budget, a new poll has revealed. The YouGov research for Sky News found that just 10% of voters now back the party with the nation’s finances after last week’s Budget plunged the government into a fresh crisis.
The Prime Minister Keir Starmer will face off with the Tory leader Kemi Badenoch for the first time since the Budget was unveiled by the Chancellor Rachel Reeves last week
British finance minister Rachel Reeves was not misleading in comments she made about the tough budget situation she faced which have been attacked by opposition lawmakers, an official from Britain's fiscal watchdog said on Tuesday.
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LONDON, Dec 1 (Reuters) - The head of Britain's fiscal watchdog resigned on Monday after the agency last week inadvertently released key details of the government's annual tax and spending budget before finance minister Rachel Reeves announced them in parliament.
Rachel Reeves has denied lying to the public over the state of the country's finances to justify £26bn worth of tax hikes in the Budget. The chancellor is facing calls to quit, and the Conservatives have called for an investigation by the Financial Conduct Authority amid claims she had exaggerated the scale of the shortfall to win support for her Budget.
A number of Labour MPs in rural seats declined to back the government's move to impose inheritance tax on farmers, but just one voted against.