Britain’s new Treasury chief says she will run the economy with “iron discipline.” But Rachel Reeves also suggested Sunday she’ll give public sector workers an above-inflation pay raise to help end a wave of strikes and strife.
Britain’s Chancellor of the Exchequer Rachel Reeves cheers a meeting of the National Wealth Fund Taskforce at 11 Downing Street in London, Tuesday, July 9, 2024. Shadow chancellor Jeremy Hunt leaves BBC Broadcasting House in London, after appearing on the BBC One current affairs programme, Sunday with Laura Kuenssberg, Sunday July 21, 2024.
“I’m going to level with people about the scale of the challenge and then begin to fix the foundations,” she said. “I am going to run our economy with iron discipline, bringing stability back.”on July 4 on a promise to get the U.K.
Reeves, the country’s first female chancellor of the exchequer, said the government was looking at the recommendations and would find a way to give workers a raise and “make the sums add up.” The government is also under pressure from anti-poverty groups and many Labour lawmakers to scrap a policy introduced by the Conservatives that limits a widely-paid welfare benefit and tax credit to a family’s first two children. The new government says it can’t afford to abolish the two-child cap.
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