Chancellor vows to swerve Tory government planned investment cuts 'mistakes' - reports

Rachel Reeves makes pledge head of Autumn Budget

Sorin-Andrei Dojan
clock • 1 min read

Chancellor Rachel Reeves has promised to avoid repeating the former Conservative government’s mistake of scaling down planned investment.

According to a report by the FT, Reeves told reporters on Thursday (3 October) she would not repeat the "mistakes" done by the previous government of not prioritising investment but declined to provide further details about any public investment spending plans. "They were cutting back on investment at exactly the time when we need to be increasing investment in our economy," she added. She argued that she will outline the "the details of the fiscal rules in the Budget" and stressed that "we have to make sure we unlock that space for capital investment". The chancellor's comments ca...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FOS pushes ahead with CMCs complaint fee proposals

FOS pushes ahead with CMCs complaint fee proposals

Ombudsman writes to the Financial Conduct Authority

Isabel Baxter
clock 21 November 2024 • 2 min read
More than a third of advisers have not mentioned Consumer Duty to clients

More than a third of advisers have not mentioned Consumer Duty to clients

Only about a quarter of advisers have mentioned the regulation to clients

Sahar Nazir
clock 20 November 2024 • 2 min read
ISA reform 'under review' after absence in Budget and Mansion House

ISA reform 'under review' after absence in Budget and Mansion House

There are five different types of ISAs available on the market

Cristian Angeloni
clock 20 November 2024 • 3 min read