The Chancellor will tomorrow [Monday 23
September] promise a Budget that will rebuild Britain, as she
tells the Labour Party Conference that the “work of change has
only just begun.”
Speaking at the start of the Labour Party's annual conference in
Liverpool, the Chancellor of the Exchequer will vow to deliver a
Britain of “opportunity, fairness, and enterprise.” She will say
that “growth is the challenge and investment is the solution.”
She will say: “I believe in a better Britain. A Britain of
opportunity, fairness, and enterprise. I know that promise has
felt far off in recent years. As our growth, productivity and
family incomes have fallen behind. But it doesn't have to be that
way.”
She is expected to say:
“I can see the prize on offer, if we make the right choices now.
And stability is the crucial foundation on which all our
ambitions will be built.
“The essential precondition for business to invest with
confidence and families to plan for the future. The mini-budget
showed us that any plan for growth without stability only leads
to ruin.
“So, we will make the choices necessary to secure our public
finances and fix the foundations for lasting growth.
“Stability, paired with reform, will forge the conditions for
business to invest and consumers to spend with confidence. Growth
is the challenge. And investment is the solution.”
She will say that growth is the Labour Government's number one
mission to “create jobs that pay enough to raise a family on, for
you and your children. Put real money in the pockets of working
people and wealth in all our communities, that flows into vibrant
high streets.”
“This is how we'll achieve what we promised – a decade of
national renewal,” she will say.
Speaking ahead of the Budget next month, Reeves is
expected to say:
“There will be no return to austerity. Conservative austerity was
a destructive choice for our public services – and for investment
and growth too.
“We must deal with the Tory legacy and that means tough
decisions. But we won't let that dim our ambition for
Britain.
“So it will be a budget with real ambition. A budget to fix the
foundations. A budget to deliver the change we promised. A budget
to rebuild Britain.”
She will add:
“My budget will keep our manifesto commitments. Every choice we
make will be within a framework of economic and fiscal stability.
“We said we would not increase taxes on working people, which is
why we will not increase National Insurance, the basic, higher or
additional rate of income tax, or VAT.
“And we will cap corporation tax at its current level for the
duration of this Parliament.”
