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Rachel Reeves Warns ‘Difficult Decisions Ahead’ to Fix UK Economy
- Chancellor of the Exchequer speaks in Bloomberg TV interview
- Reeves says she will ‘level’ with the public about challenges
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Chancellor of the Exchequer Rachel Reeves warned “difficult decisions” lie ahead as she tries to fix Britain’s public finances, raising the prospect of tax hikes or spending cuts in her first Budget in the autumn.
“I’m going to be honest about the scale of the challenge, I’m going to level with people,” Reeves told Bloomberg in her first TV interview since Labour won the UK election in a landslide two weeks ago. “I’m going to be different.”