Rahel reeves To provide more loans on low pay and to provide 4.5 times more loans on buyer’s income, the house is ready to bet on the hopes of achieving economic development by reducing the rules.
Chancellor will use his keynote speaker Happy House Speech To unveil the plan to take 36,000 additional mortgage for buyers for the first time in the first year in the city of London on Tuesday evening.
Only one lender-10,000 more will be held hostage to buyers for the first time.
Changes will include a person to reduce the minimum wage required for a mortgage for a individual to a mortgage and from £ 55,000 to £ 50,000 for a couple on joint income.
This is part of a comprehensive package of reforms, which will show a bonfire of red tape for financial services MS Reves urges businesses According to the Treasury source, “to take risks” investors “re -risk”, after caution, which settled after the 2008 banking accident.
But it comes as the new director of the influential Institute for Fiscal Studies (IFS), ready to warn Helen Miller that despite the promises of Ms. Reeves, the economy under this labor government is “from the fiscal phenomenon”.
This comes a few hours after her commitment to her manifesto. Not to increase taxes Maintained for “working people”.
Ms. Reeves is expected to say: “I have kept financial services at the center of the government’s development mission.
“UK assuming that Britain cannot succeed and fulfill its ambitions of development without a financial services sector that is fit and fed.
“And I have been clear on the benefits that will drive.
“With a wave effect, which will run investment in all areas of our economy and put pounds in the pockets of working people.”
Last week it was revealed that it was revealed that the economy was reduced by 0.1 percent in the second quarter of 2025, and Ms. Reeves struggled to achieve the “number one mission” of economic development labor.
But it may cause fear that the UK economy is coming back under the circumstances that led to the 2008 banking collapse, caused by collapse in the subprime mortgage market and lack of regulation of financial services.
Ms. Reeves is ready to claim that the UK’s financial sector competition will be swept away under reforms in red tapes, which addresses the long -standing industry complaints.
She will introduce the largest set of reforms for a decade in a bid to encourage financial investment.
Chancellor believes that the change will become the top destination for the UK for finance firms in the next decade, which will attract inward investment from all over the world to create good, skilled jobs across the country.
Ms. Reeves is expected to say: “It is the foundation of an economy, and a country, which is more active and more confident.
“Where people and business look at the future and talk about hope, opportunity.
“Assured his ability, and boldly faces challenges that lie further to our country’s ability.
“And something about the award if they are successful of high wage and high standard of living. Renewing Britain in every house and every high road.
“Just to apply it: a Britain that is better.”
But Chancellor must be giving his speech in the midst of increasing concerns on whether he is succeeding in a mission of economic development of the government.
In her first comment since taking over as Director of IFS from Paul Johnson, Ms. Miller planned to harm Ms. Reeve’s progress after a year in Treasury.
She will say: “Labor came to the office with the promise of the government-a commitment to delayed thinking and systemic improvement. The ambition that we should ‘should increase our place as a nation’ should be ‘and is right to find ways to deal with big challenges.
“Despite this, we continue the lame in the fiscal program from the fiscal event, inspired by whether the run-of-the-mill modifications for the economic and fiscal approach have reduced the fiscal headroom and will follow the tackway to do what do or spend. We need to exit this cycle.”
Chancellor is also looking at his options narrow after pensioners on the winter fuel, which is more than the cost of £ 1.25BN, and Labor Rebels forced him to cancel £ 5BN of cuts cut in disability benefits.
While ministers appear to pointing in a new era of so -called money taxes on rich, large corporations, and pension utensils or secret taxes, freezing the threshold for the income band, new evidence has come out that public favor cuts the profit instead.
According to the voting by Yegov released on Monday, 53 percent of the UK says the benefits should not usually be available for conditions such as anxiety and depression – 37 percent disagree.
The argument to abolish benefits for minor mental health issues was made by Tory leader Kemi Badenoch in a speech on Friday.
