UK Finance Minister Rachel Reeves warned on November 4 that her upcoming November budget will focus on what is necessary, not popular, to tackle high inflation, interest rates, and public debt.
Speaking in a rare pre-budget address, Reeves emphasized a budget for growth with fairness at its heart, aimed at protecting families, public services, and supporting businesses to create jobs and innovate.
She acknowledged the difficult economic backdrop left by previous governments, including high debt, low productivity, and stubborn inflation, signaling tough decisions may be coming, including potential tax measures.
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