Labour will launch a new era of public and private investment in hospitals, schools, transport and energy as momentous as any in the party’s history in this week’s budget, the chancellor, Rachel Reeves, has said.In an interview with the Observer before the first budget by a female chancellor, Reeves draws comparisons with Labour’s historic reform programmes begun in 1945 by Clement Attlee, in 1964 under Harold Wilson and in 1997 under Tony Blair.“This is only the fourth time that Labour has gone from opposition into government,” she says. “In 1945, we rebuilt after the war; in 1964, we rebuilt with the ‘white heat of technology’; and in 1997, we rebuilt our public services. We need to do all of that now.”Reeves will, however, face huge controversy amid claims that she will break at least the spirit of Labour’s election promises when she announces £40bn of tax rises and spending cuts that will include an increase of up to 2% in employer national insurance…
Please wait while you are redirected...or Click Here if you do not want to wait.Date:
