United Kingdom Chancellor of the Exchequer Rachel ·Reeves said on the 29th that the previous Conservative government concealed the true situation of public finances, leaving a fiscal deficit of 22 billion pounds. Speaking in the House of Commons that afternoon, Reeves said the Treasury would take steps to reduce spending by £5.5 billion this year and more than £8 billion next year to make up for the fiscal deficit caused by the previous government. The Treasury will unveil Labour's first budget since taking office on 30 October, announcing new tax and spending plans.
On July 29, in London, United Kingdom, United Kingdom Chancellor of the Exchequer Rachel · Reeves addressed the House of Commons. Xinhua/Reuters
On July 29, in London, United Kingdom, United Kingdom Chancellor of the Exchequer Rachel · Reeves addressed the House of Commons. Xinhua/Reuters
On July 29, in London, United Kingdom, United Kingdom Chancellor of the Exchequer Rachel · Reeves addressed the House of Commons. Xinhua/Reuters
On July 29, in London, United Kingdom, United Kingdom Chancellor of the Exchequer Rachel · Reeves addressed the House of Commons. Xinhua/Reuters