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

Rachel Reeves makes pledge head of Autumn Budget

Sorin 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

AI will not replace paraplanners even as 'traditional' roles change

AI will not replace paraplanners even as 'traditional' roles change

Upskilling is vital, conference hears

Sahar Nazir
clock 30 January 2025 • 2 min read
AI and advice: Financial advisers must adapt or 'be left behind'

AI and advice: Financial advisers must adapt or 'be left behind'

The technology ‘should be seen as a massive area of growth’, delegates told

Sahar Nazir
clock 30 January 2025 • 2 min read
CII exams delayed as IT upgrade takes services offline

CII exams delayed as IT upgrade takes services offline

IT systems offline for next two weekends

Jenna Brown
clock 30 January 2025 • 1 min read