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...Shadow chancellor Rachel Reeves on Thursday vowed to push ahead with the plan and her spokesperson insisted a Labour government would charge the top 45p rate of income tax on profits that private equity...
...us’,” Reeves will say....
...Rachel Reeves is a professional economist, with a methodical style that has won supporters in the City, the business community and a recalcitrant political party....
...Rachel Reeves delivered the Mais Lecture last night....
...But this accolade may reveal a difficult truth. Unless Reeves is genuinely reformist in government, Starmer may find delivering on his promises impossible....
...Reeves will argue that she wants to create a stable base upon which reforms to planning, public services and the labour market could be added to create a more dynamic economy....
...Reeves has also tried to draw a dividing line by railing against Hunt’s promise to abolish national insurance altogether, a policy she said was unfunded and would cost £46bn....
...Reeves said the fund was a “key component” of her party’s growth proposals....
...“If she is to keep to this rule Ms Reeves is going to have to hope for quite a spurt of growth....
...Carroll Reeve Lavenham Community Land Trust, Lavenham, Suffolk, UK...
...“The last thing we need is a massive upheaval,” said one ally of Reeves. “Rachel recognises that stability and security is needed.”...
...Labour’s Rachel Reeves will vow to boost the UK’s attraction as a destination for business investment in a pitch to corporate bosses in Davos, where she will accuse the governing Conservatives of undermining...
...But Reeves did not rule out reducing it, if necessary, should a Labour government win a second term....
...In a recent one-hour speech, Reeves did not mention small business at all, and referred to “enterprise” only in the context of a Treasury unit....
...“The voters have sent a clear message today, even in the Prime Minister’s own backyard that it is time for change. Under Keir’s leadership there are no no-go areas for Labour anymore,” Reeves said....
...This sets up the possibility that the two major poles of influence in cabinet will be Reeves and Miliband. Reeves is the more powerful and Miliband would lose a direct confrontation....
...To that end, he just about found money for another major tax cut, stealing two of Labour’s three revenue-raising policies in the process and cheerfully leaving his shadow, Rachel Reeves, with the headache...
...have a reduced presence there.”...
...The Mais lecture by Rachel Reeves, Labour’s shadow chancellor of the exchequer, was an attempt to answer that. It was not a bad one in the circumstances. But the circumstances are grim....
...It is Reeves who has to corral a party that wants to spend more, and Reeves who is far more likely to end up having to make the optimistic numbers at the end of Hunt’s plans add up....
...Labour’s Rachel Reeves used her speech to attack the record of the Conservative party in government, especially the short-lived administration of Liz Truss, and to promise that Labour was “ready to serve...
...Linnaeus, by Gunnar Broberg, translated by Anna Paterson, Princeton University Press $39.95/£35, 512 pages The End of Enlightenment: Empire, Commerce, Crisis, by Richard Whatmore, Allen Lane £30, 496 pages Linda...
...The move in the Budget represented a raid on a core Labour policy that Reeves intended to use to fund spending plans....
...Rachel Reeves, shadow chancellor, has accepted almost all the measures in Hunt’s two recent fiscal statements — including a 4 percentage point cut in national insurance — while Hunt has copied Labour’s plans...
...As a result, Reeves has painstakingly sought to redefine Labour as a party of financial rectitude....
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