Reeves hints she accepts Burnham will not keep her as chancellor – UK politics live | Politics
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In the Q&A at BCC, he was asked if he had any advice for his successor: Rachel Reeves in question:
I’m not sure anyone would want my advice, but my advice would be that if you’re clear about what you want to do at the Treasury, there’s a brilliant group of officers who will support you, and I’ve been very clear about what I want to achieve as chancellor.
I wanted to restore stability to the economy, I wanted to encourage both public and private investment in the economy, and I wanted to change the way the economy worked with a fairer and more efficient regulatory burden, with a planning system that actually allowed things to get done in our country.
I’m really proud of my past and I hope whoever becomes chancellor in the future, whenever that future is, will stay true to the work that I’ve done because it’s starting to bear fruit and we’re seeing investment coming back into the economy, growth coming back into the economy and most importantly stability so that businesses can plan and invest for the future.
While Burnham calls for support for ‘war bonds’, Reeves insists his changes to fiscal rules already allow more borrowing for defense purposes
Like Kiran Stacey, Pippa Crerar And Dan Sabbagh Senior government officials plan to lobby Andy Burnham during access talks to revive the idea of ”war bonds” to pay for higher defense spending when he becomes prime minister, according to the report.
As the story explains, the Treasury has consistently opposed the idea.
In the Q&A session at BCC, reeves He was asked whether he would be happy to allow more borrowing to finance higher defense spending. In response, Burnham said the defense investment plan, to be published before he becomes Prime Minister, would include “more money being spent more effectively”.
When asked whether classifying these defense spending as investments might allow for more borrowing, Reeves replied:
My financial rules allow this.
For the first time, we treat daily expenses and capital expenditure differently due to fiscal rules. So far everything had been lumped together as if it didn’t make any difference. But of course it also makes a difference whether something increases our long-term growth and productivity; That’s what capital investment does. So we have the flexibility to do exactly that within the framework of fiscal rules.
When asked if this applies specifically to defense, Reeves responded:
Yes, because most defense spending is capital investment, whether it’s building new ships or investing in munitions.
What is also important is that we get better value for money for our defense spending; so cooperation with our NATO allies, especially our European NATO allies, is really important.
Rachel Reeves He’s speaking at the BCC conference. He is being interviewed Sophy RidgeSky News presenter.
reeves He said it was clear Andy Burnham would stick to his financial rules, describing it as a “good thing”.
When asked if he wanted to be Burnham’s chancellor, Reeves said it was a decision for him.
Later Back I tried to ask the question in a different way. He asked Reeves if he had “unfinished business.”
In response, reeves He spoke at length about his achievements as chancellor. But he later identified fiscal devolution and business rates reform as areas where he wanted to go further.
Trump described Burnham as an ‘extremely liberal’ mayor and complained she was unlikely to ‘open the North Sea’
Donald Trump He described Andy Burnham as “too liberal” in his first public comments on the former Manchester mayor since he emerged as the leader to replace Keir Starmer. Here is our story.
In US politics, when right-wingers use the term “liberal” they do so pejoratively and mean leftist.
Reeves hinted Burnham had accepted she would not keep him as chancellor and would not say whether she would accept a lesser post
Good morning. Rachel Reeves Andy Burnham appears to have resigned himself to losing the job of chancellor when he becomes Prime Minister, probably three weeks from now tomorrow. He reportedly plans to remain in office, but An interview with the BBC in a clearly farewell tone.
Reeves said he supports Burnham becoming the next Prime Minister. Asked why he did not stand in Downing Street on Monday to hear Keir Starmer’s resignation speech but came to Westminster Hall for a photo call with Burnham and other Labor MPs, he did not offer an explanation but said his loyalty to Starmer had never been in doubt. He also said he was proud of his record.
I know whoever becomes prime minister and chancellor in the future will inherit a stronger economy than the one I inherited two years ago.
Reeves declined to say whether he would accept a more junior person in the cabinet if Burnham offered it to him. It was reported that he planned to). When asked about this issue, he said:
These will be the choices Andy Burnham’s new prime minister could make in a matter of weeks. I won’t cover these in advance. It is his prerogative as prime minister to make these appointments.
We’ll hear more from Reeves later because he’s speaking at the British Chambers of Commerce conference along with other senior figures.
Here is the agenda of the day.
9am: Chancellor Rachel Reeves participated in a Q&A at the British Chambers of Commerce (BCC) conference in London. Other speakers on the day include BCC president Andy Haldane at 10am; Shadow chancellor Mel Stride at 11am; Liberal Democrat leader Ed Davey; At 12.10; Reform UK Treasury spokesman Robert Jenrick said at 3.40pm; and Green Party leader Zack Polanski at 4:30 p.m.
Morning: Kemi Badenoch visits London.
9.30: The Ministry of Justice publishes criminal court figures.
Morning: Keir Starmer visits Buckinghamshire to mark start of government rollout Great Britain Summer Savings scheme.
14.30: Scotland’s first minister, John Swinney, takes questions from MSPs.
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