Rachel Reeves: ‘I’m confident we will see living standards increase’
A report by the Joseph Rowntree Foundation has found that living standards in the UK are set to fall by 2030, news which increases pressure on Chancellor Rachel Reeves ahead of her Spring Statement next week. Appearing on Sky News this morning, Reeves rejected the JRF’s analysis, telling Trevor Phillips that there had been a ‘sustained increase’ in living standards since Labour came to power, and she expected that to continue. Reeves said that from April, people on the living wage would see a 6.7% increase in pay, and claimed that her government had brought ‘stability’ to the economy, although she admitted that she had to ‘do more’ to improve living standards further.
Rachel Reeves: ‘We will cut the costs of running government by 15 per cent’
It is expected that the chancellor will not announce tax increases in her Spring Statement, and will use administrative cuts to fund increases in spending on the NHS and defence.
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