Chancellor tells Labour conference there will be no return to austerity despite funding pressures
The Labour government鈥檚 first budget will be a plan with 鈥渞eal ambition鈥�, Rachel Reeves has insisted as the party seeks to counter criticisms of being too gloomy about the state of Britain鈥檚 economy.
In her keynote speech at Labour鈥檚 conference in Liverpool, the chancellor said she will not 鈥渓et tough decisions dim our ambition for Britain鈥� in the autumn budget, which will take place on 30 October.
In July, Reeves scrapped a series of infrastructure projects, including the 拢2bn Stonehenge Tunnel job, and announced a review of the previous government鈥檚 拢20bn New Hospital Programme.
She said the moves were necessary after the party uncovered a 拢22bn 鈥渂lack hole鈥� of unfunded spending commitments made by the Conservatives.
