Reeves says UK has suffered ‘years of economic mismanagement’ in speech preparing ground for tax rises – politics live

<p>Chancellor says she is focused on priorities for British people and previous governments have limited UK’s potential</p><p><strong>Reeves</strong> says welfare needs to be reformed.</p><p>There is nothing progressive about refusing to reform a system that is leaving one in eight young people out of education, or employment.<em> </em></p><p>I put our public finances back on a firm footing, provided an urgent cash injection into a faltering public services and began rebuilding our economy.</p><p>But since that budget, the world has thrown even more challenges our way.</p> <a href="https://www.theguardian.com/politics/live/2025/nov/04/rachel-reeves-speech-tax-budget-labour-keir-starmer-latest-politics-news-live">Continue reading...</a>