Chancellor Reeves Promises No Return to Austerity

Chancellor Rachel Reeves is set to pledge there will be 'no return to austerity' in her upcoming speech at the Labour Party conference in Liverpool. She promises a 'Budget to rebuild Britain' and aims to signal a departure from the austerity measures of previous Conservative governments. Reeves will introduce a new Covid Corruption Commissioner to recover misused taxpayer funds and emphasize the need for stability to prevent economic turmoil. The Labour government plans to focus on higher investment rates to drive growth, despite the challenging public finances inherited from the Tories. This comes amid ongoing controversies, including a row over donations and the decision to means-test winter fuel payments for pensioners. The conference will also see debates on a 'new deal for working people' led by unions and Labour leaders.