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The Guardian - UK
The Guardian - UK
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Rachel Reeves

These were not the economic choices I wanted to make, but they are right for Britain

HM Treasury Whitehall London England UKAD4787 HM Treasury Whitehall London England UK
The Treasury’s audit revealed the Labour government has been left with a £22bn financial black hole. Photograph: Alex Segre/Alamy

During the general election, I made a promise to the British people: to restore economic stability. I did so because I saw the damage taking risks with the public finances can cause. Liz Truss’s mini-budget, less than two years ago, crashed markets and caused interest rates to soar.

Stability is the essential ingredient to a successful economy. The stability that allows a family to buy their own home, for a business to thrive and for a government to invest in public services.

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