Rachel Reeves doesn’t mind if you don't like her Budget

Quick Summary:

The Budget is about the long game on the economy and Reeves believes the current pain is a price worth paying.

While the US's private sector took an immediate cue from the massive government announcements, it took one to two years to get the state machine ramped up.

The Energy Secretary Ed Miliband was in the US last week visiting the key officials in charge of disbursing the record subsidies and loans made available in the $400bn Inflation Reduction Act.

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Article Details

Category: Business

Markets: United KingdomFrance

Topics: Credibility Investment Increase Plans Chancellor Budget Borrowing Markets Government Political Economic

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 18:08:55 (5 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 797 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © BBC Business

News ID: 23423554

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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