Boosting productivity will be main priority of autumn budget, Reeves says | Rachel Reeves

Rachel Reeves has used her autumn budget to praise Britain to praise British record because they looked for message specification with a focus on economic growth.

Setting their priorities for the first time, the Chancellor of the Effisions of the Economy of the Economics by higher investment and a fresh attack on their tax and expense plans.

Writing exclusively for the guardianShe said, “If the first year of labor was the first year of the Labor, then the foundations, then the second year, the second year is about building a stronger economy for a renewed Britain.”

Reeves pushed back to what they called “speculation” to explore that is explored by the treasury to close a yawning gap in public finances that are estimated to achieve More than £ 40bn.

“The months and neighborhoods before all budget are full of people specifying – or claim to know – which taxes that I will take or what the office for Budget Responsibility [OBR] will conclude.

“This budget is not different – I get that. I will configure the decisions I'm assuming in responsible way,” she said.

The Priorary Therle comments come as the governmenting braces for some official figures that are expected to show the economics.

With Labor Under mounting pressure about the economy of the economy, predicting the update of the update of the National Statistics on Thursday morning will confirm that BDP is for the three months to June.

The United Kingdom had all his g7 peers in the first quarter with growth of 0.7%. The experts have been accused of tax terms announced by Reeves in their first budget, last October, and Donald Trump's Trade War for a marked hit to activity.

The opportunity, focused on the purpose of shaking the government, that the government took steps to break a “cycle of low growth” in which Britain was trapped under conservative governments.

One of the central themes of their budget, said in November, said that the government would have been purposed to increase the productive capacity by investments for infrastructor projects and ripping rules.

“If update our mission and productivity is, is our challenge, then investment and reforms are our tools,” she said.

Earlier on Wednesday, the Guardian revealed This Keir Starmer was preparing for formal to celebrate plans for the Northern Powerhouse Rail Project, which would improve transport connections between the capitals of Northern England.

Reeves also ordered to make proposals to make proposals for closing additional red tape in planning the UK to accelerate large infrastructure projects.

“We deliver that the investment and the Bakeries also the Bakeries,” she said.

Fulfillment Chancellor have pushed to those economist-puzzle references as a “Productivity Puzzle” that has contributed to the United Kingdom of the UK's Low-growth since the 2008 financial crisis of 2008.

Productivity growth is considered one of the major determinants for releasing standardard and wages over the long run. However, for ahead of the measure to drive from output per hour work of work has been stopped in the last few years.

The renewal focus comes as the treasure breading braces for a potentially entangling in product mechanically progressing from the Opmbn hole in the tax and expenditures of the cannier.

With the deficit made less by a weak growth Outlook, higher debt managersand a series of U-turn on the Speed CutsReeves and the Prime Minister are prepared for the field to scroll the field for tax returns and reform of September, for the fall budget.

The Guardian revealed on Tuesday That the treasury looked in ways of increasing more money from inheritance tax to reduce the deficiency. Workers Did studies the idea of a wealth load, but changes to inheritance tours can check similar.

Sarah coles, the head of personal finance at Hargreaves Lansdown, said it was “barely surprising” that heritage to “return in the frame”.

It is under a limited suite of taxes that can be changed, regardless of government to increase the basic, higher as an income tax, with employee national insurance or VAT.

“The system is so fiendic complex that there are a huge number of rules, and therefore twox, which the government could consider,” Coles added.