Since her appointment as Chancellor of the Exchequer in July, Rachel Reeves warned that the Autumn Budget would be full of tough measures, including steep tax hikes and spending cuts meant to address the budgetary morass left behind by the last government. Her warnings were followed by a decline in business and consumer confidence, an uptick in voluntary liquidations and even some reports of capital flight. 

Now that the budget has been revealed, Bloomberg reporter Philip Aldrick tells In the City her warnings may have undersold the historic nature of the Labour government’s first financial statement. 

Since her appointment as Chancellor of the Exchequer in July, Rachel Reeves warned that the Autumn Budget would be full of tough measures, including steep tax hikes and spending cuts meant to address the budgetary morass left behind by the last government. Her warnings were followed by a decline in business and consumer confidence, an uptick in voluntary liquidations and even some reports of capital flight. 
Now that the budget has been revealed, Bloomberg reporter Philip Aldrick tells In the City her warnings may have undersold the historic nature of the Labour government’s first financial statement.

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.

Every week, Francine Lacqua and David Merritt go behind the scenes in the City of London, uncovering stories and speaking to the people that matter.

In the City

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know.

In The City

Reaction Podcast: Labour’s Big New Budget Is More 'Corbynite' Than 'Blairite'

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2a36a5f6-e96d-4e68-9fe6-b219012ed697/transcript

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