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Chancellor Rachel Reeves hints at challenging Budget in new video | News

Chancellor Rachel Reeves has hinted at a challenging Budget as she prepares to borrow tens of billions of pounds to invest in Britains crumbling infrastructure. In a new video, posted on X today (24 October), Ms Reeves said next weeks Budget will fix the foundations and deliver change. The chancellor says: Im 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.