Britain’s main opposition Labour Party on Monday vowed to “rebuild Britain” if it wins the 2024 General Election.
In a speech to a packed exhibition hall in Liverpool, Reeves said Labour would fight the next election on the economy but said"change will only be achieved on the basis of iron discipline."
In a confident speech to a packed exhibition hall in Liverpool, Reeves said Labour would fight the next election on the economy but said"change will only be achieved on the basis of iron discipline." Promising"ironclad fiscal rules," Reeves announced that Labour would implement a Charter for Budget Responsibility that would mean any significant changes to tax policy must be accompanied by an independent forecast from the Office for Budget Responsibility.sent markets into turmoil and culminated in her resignation after just six weeks in the job.
"We will set that new national wealth fund a target: for every pound of investment that we put in, we will leverage in three times as much private investment," she added. Labour will also abolish the non-dom tax status , levy VAT on private school fees and impose a"proper" windfall tax on energy company profits in order to ease the burden of higher energy prices on households.
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