"I could do what previous governments have done, which is to sweep those challenges under the carpet, to cut capital spending, to make the numbers up. But then we'd be back here in a year, in five years' time, with productivity still on its knees, growth underperforming, national debt continuing to rise. So I'm being honest with people."
"If we have to build the future of Britain together, we will all have to contribute to that effort. I have to face the world as it is, not the world that I want it to be. And when challenges come our way, the only question is how to respond to them, not whether to respond or not."
Rachel Reeves is considering cutting funding for energy-efficient home improvements to finance reductions in household energy bills. Reeves is finalising a multi-billion pound energy support package that would cut taxes and green levies on bills and aim to save around £170 for the average household. The package is intended to improve Labour's poll standing, reduce Reform UK's appeal and offset widely expected autumn tax rises. Reeves signalled willingness to take controversial fiscal decisions, including potentially breaking a pre-manifesto commitment and raising income tax. Easing the cost of living is listed alongside lowering national debt and protecting the NHS. The UK faces global tariffs, persistent inflation and volatile supply chains.
Read at www.theguardian.com
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