Rachel Reeves has committed to improving the UK's economy by reducing government operational costs by 15% and cutting 10,000 civil service jobs. Ahead of the spring statement, she defended her economic strategies while acknowledging the challenges of reversing years of stagnation. Reeves aims to maintain fiscal discipline without raising taxes and hinted at reconsidering the digital services tax amidst negotiations with the U.S. This potential tax alteration may lead to significant controversy, especially as the government plans cuts in welfare spending, particularly affecting disability benefits, igniting debates within Labour.
Rachel Reeves stated on Sky News that reversing over a decade of economic stagnation cannot happen instantly, yet she is making necessary changes to rebuild the UK economy.
The deputy leader of the Liberal Democrats, Daisy Cooper, criticized potential cuts to disability benefits, calling it a misguided decision to appease wealthy tech moguls over vulnerable communities.
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