On fiscal policy Rachel Reeves must show, not tell

Quick Summary:

Instead, Reeves needs to implement the tax increases and spending plans outlined in October without any compromise on when they are due to come into force in April.These are sizeable.

In recent years, US administrations have shown no ability to run a deficit much under 6 per cent of GDP, and there’s no improvement in sight.

The UK government must also hope that consumers begin to spend their recent real income gains and improve growth.

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Article Details

Author / Journalist: Chris Giles

Category: MarketsFinanceInvesting

Markets: United StatesItaly

Topics: Reeves Markets Fiscal Borrowing Deficit Financial Cent Policy Rhetoric Government Increases

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 15:00:46 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 699 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25343813

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