Oct 24, 2021

Budget about investing in public services - Sunak

Chancellor Rishi Sunak has said "Strong investment in public services" will be at the heart of his plans for rebuilding the economy when he sets out his Budget next week. Shadow chancellor Rachel Reeves, who was speaking on the same show, said many households were facing a "Tough winter", and were worried about putting food on the table and heating their homes because prices were going up "On everything". Mr Sunak will set out his Budget on Wednesday, amid concern among some in his own party too that rising energy prices, inflation and tax hikes are causing a cost of living crisis in the UK.Speaking to the BBC, the chancellor said his previous budgets had been about taking action to protect incomes and jobs, but it was now time to look to the future and reshape the economy. "Over the past year, we took a decision to have a more targeted approach to public sector pay," he continued, but "going forward we'll have to set a new pay policy and that'll be a topic for next week's spending review". Shadow chancellor Rachel Reeves said immediate help was essential and ministers needed to match their rhetoric with action.

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