Chancellor Rachel Reeves hints at 'challenging' Budget in new video

Chancellor Rachel Reeves has hinted at a “challenging” Budget as she prepares to borrow tens of billions of pounds to invest in Britain’s crumbling infrastructure.

In a new video, posted on X today (24 October), Ms Reeves said next week’s Budget will “fix the foundations and deliver change”.

The chancellor says: “I’m going to be honest about the scale of the challenge we inherited, a decade of sluggish economic growth, deteriorating public services and a £22m billion black hole in public finances.

“But, we must not be held back by the past and instead we should look to the opportunities of the future.”

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[mikegolfwhiskey]

She used the words "Credible" and "Honest"....two words I would not associate with her or this Government.

[janebruce]

How can a bank clerk run a country working people what about the homes built for migrants where is this money coming from pensioners again humbug?

[mahuanhit]

This is a wrong direction. This country is doomed.

[CristianoRonaldo-mkdd]

Cut the benefits, most of the people on the dull are fit to work . I am sick of seeing them not doing anything, most of the them young, healthy and capable to work

[battybibliophile-Clare]

So the answer is more austerity, sticking to Tory spending plans, where's the change?

[astonkwambe]

Oh my god snout in the trough has called on Severus Snape

[secondhorizon]

Tens of Billions ~ more like ~ Hundreds of Billions

[DavidGetling]

Challenging - unless you are a benefits bludger or illegal migrant this budget is going to well and truly screw you.

[shreddedguy]

these videos are hilarious, and she sits there yapping the same old nonsense that they did trying evoke peoples emotions like yeaaah change...with her unbelievably masculine voice and her silly curtains haircut

[damon]

Chancellor doesn’t understand the basics of running a business small or large. Never have I experienced such gloom and downright fear of impending rises on businesses and exit profits, but more importantly it’s almost certain her next budget will break more promises to fill the expanding void. VAT and corporation Tax rises - almost a certainty

[daviddoink]

more pounds in peoples pockets - says Rachel

[bye-]

She going in the wrong direction, raise the tax threshold to £20, 000.
Then stop all tax credits, make people work for their money.
Stop taxing people, it will put this country into recession by Christmas.

[hugodrax]

They're imposing 20 per cent VAT on independent schools yet were completely unaware these schools, once VAT registered, could claim back from the Treasury tax paid on capital projects over the last 10 years. Onwards and upwards 🚀

[hissingsidll]

Chancellor hints at senseless extortionate and robbing budget....THERE...FIXED IT FOR YOU

[DarrenJamiesonJamieson]

Yes. It will be difficult affording career criminals (90% of Britons workforce), without upsetting The 1%!

[beastofackworth]

Challenging for workimt British people who will end up paying more to make up for people who wont work and illegal migrants being allowed to come here for us to pay for them. They will tax rich people out of the country then who pays all the tax?

[brianbonnett]

She is that so good the BANK OF ENGLAND Got rid of her

[lwzfog]

RoboReeves went Boop Boop, Beep Beep, when her gubmint credit card was suspended 🤖

[papadajnia]

Goo france come back to uk on boat 🇬🇧 get free hotel dentist and mobile phone ..and life is beautiful 😂😂

[jacquelinelongley]

Reeves your a lier you cant even manage your own budget