Chancellor of the Exchequer Rachel Reeves is set to present a UK budget next month that aims to unlock significant investments in climate transition and other government priorities, emphasizing a vision of economic growth and stability. She suggested that changes in accounting treatment for Labour's new institutions could provide an additional £31 billion in borrowing capacity, which would help address the £22 billion fiscal gap inherited from the previous government. Reeves reassured that there will be no return to austerity, highlighting the need for public and private investments in essential infrastructure to foster economic growth. Despite facing criticism from Labour's union backers over cuts to winter fuel payments, she remains optimistic about the UK's economic future. Her budget, scheduled for October 30, will focus on protecting living standards and rebuilding the economy, particularly in key sectors like life sciences and low carbon energy. Reeves's speech at the Labour Party conference marks a shift towards a more positive narrative following months of financial caution.