Rahel reeves Warning of “rigorous global headwind” beating Britain’s economy, As she failed to remove Major tax fear increases On the next Budget,
An excited but at the main phase in the policy-packed speech Labor conference in liverpoolChancellor tried to fight back against the growing spirit of doom and sadness economyInstead of saying that it looks at a country that is “primed for economic success”.
She also appeared targeting Andy Bernham On its economic approach, warning that the unrestrained loan is “dangerously wrong”.
Figinating more confident and comfortable than months, the Chancellor received 10 standing ovations as he had excluded his pitch Labor What will be a difficult budget in November, members ahead of it.
“Never let anyone tell that there is no difference between a conservative government and a labor government,” he repeatedly warned.
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The thunder of applause from labor members throughout the speech indicates that he has not left a difficult Chancellor after the first year, which saw widespread rumors that they could be demoted.
However, it comes amidst speculation Tax increases In the next budget after Chancellor, it was first acknowledged on Monday that “the world has changed” as he promised business heads that it would not repeat the tax raid of its first budget.
Ms. Reeves told the delegates that she would control public finance and “would not take risks with the trust we placed by the British people”.
But he admitted that his choice was made “hard” by international events and “long -term damage” to the economy.
The Chancellor told BBC Radio 4 that the government has geared to fill a black hole of tens of billions of pounds in public finance. Today Program before your speech: “Is it a war in Europe and Middle East, is it an increase in barriers to trade due to tariffs coming from the United States, whether it is a global cost of borrowing, we are not immune for any of those things.”
“It is very important that we maintain those commitments for economic stability because we trust people to be able to finance the things that we are doing as a country to buy government loans.
“I want it not like this, but I am a Chancellor in the world as it is, not the world I want I want it.”
He later stated in the conference: “We will face further tests in the next months, options coming with options made everyone difficult to harsh global headwinds and long -term damage to our economy, which is becoming clear anytime.”
Experts have said that Ms. Reeves will have to increase taxes or cost spending to fill a black hole in her budget, which the National Institute of Economic and Social Research has estimated that may be more as £ 50bn.
Ms. Reeves said that she makes an option in the budget to “take our country forward”, saying: “Whatever tests come in our way, whatever tests come in my way, I make this commitment for you: I will not take any risk with the trust we have been by the British people.”
Talking to Sky News after the speech, Cabinet Minister Darren Jones failed to rule the claim that Labor will lose his manifesto commitment for working people not to increase VAT, Income Tax or National Insurance.
“I am not doing anything, or in anything.
The PM’s Chief Secretary said, “We have got a budget process, and any decision will be declared to Parliament in a normal way.”
Meanwhile, a spokesperson of Ms. Reeves insisted: “We made those commitments in the manifesto. We put those commitments in the manifesto. And we are standing with those commitments.
In his speech, the Chancellor confirmed the schemes for a youth guarantee, paying the youth who did not spend 18 months in employment, education or training.
He also said that the government will proceed with our plans for the Northern Powerhouse Rail “” will set plans for a library in every English primary school along with connecting the towns and cities of North England.
In the elections, the leadership of the Labor Trailing Reform UK, the leadership of Sir Kir Stmper is questioned, with Greater Manchester Mayor Andy Bernham Claiming that he was urged by some MPs to challenge him.
Ms. Reeves said what the voters of Shri Bernham saw in the context of the pitch: “There are still people who see the idea that we can only give up economic responsibility and stop any obstacle at the expense.
“They are wrong – dangerous.”
Mr. Bernham has suggested that the UK has been “beyond the Hawk in the bond markets” because they have set a plan to borrow billions more.
The Chancellor admitted that the year “brought its proper part of the challenges for our party and our country” and said that “they would not be final”.
He said: “Whatever tests encounter us, believe, because our party and our country have overcome more challenges from them”.
Part through the speech, the Chancellor received his third permanent ovation after responding to a Palestine Hekler, which disrupts the address of his main stage.
Waving a Palestinian flag, the protector shouted: “Israel is massacre” – but the Chancellor pushed back: “We understand your reason and we are recognizing a Palestinian kingdom … This is the difference that we do not make in power through protest.”