Rolling coverage of the latest economic and financial news, as the City braces for the budget
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Rachel Reeves has acknowledged people are “angry at unfairness” in the British economy ahead of unveiling her second Budget today.
In a filmed address ahead of the Budget, the Chancellor said the Government had started to see results in the past year with “wages rising faster than inflation, hospital waiting lists coming down, and our economy growing faster and stronger than people expected”.
“I know that the cost of living is still bearing down on family finances, I know that people feel frustrated at the pace of change, or angry at the unfairness in our economy.
“I have to be honest that the damage done from austerity, a chaotic Brexit and the pandemic were worse than we thought.
