Chancellor’s “Emergency Budget”: Labour’s Promise Meets Reality
The UK’s Treasury chief kicked off her “emergency budget” on Wednesday, reminding the House that Labour, elected last year, is all about change and, as the legend goes, “fair wages for working people.”
Rachel Reeves Declares Hawks‑Eye Confidence
- Confidence boost: Reeves said she’s proud of the government’s achievements to lock in Britain’s future “in a world that’s changing before our eyes.” The remark earned a ripple of laughter in the Commons.
- War & economics: She touched on Russia’s war in Ukraine and warned that it’s a handful of challenges in an “uncertain” global economy that’s been raking up costs worldwide.
- Call to action: “This moment demands an active government,” Reeves declared. “A government not stepping back but stepping up.”
Strengths & The Road Ahead
Reeves is confident Britain has the strengths to reach its full potential, and she promises the government will deliver for the working population.
- OBR Forecast: She referenced the independent Office for Budget Responsibility (OBR) predictions and insisted that her fiscal rules are non‑negotiable.
- Liz Truss blame: Reeves unflinchingly blamed Liz Truss for the disastrous 2022 mini‑Budget, saying “There is nothing progressive, there is nothing Labour, about working people paying the price of economic irresponsibility.”
- Labour’s promise: Labour was elected by the public who trusted they “would never take risks with the public finances,” Reeves added, which again met the Commons full of laughter.
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