25 jun 2026
Rachel Reeves pitches to stay as UK chancellor under Burnham
LONDON Keir Starmer’s Chancellor Rachel Reeves said Andy Burnham will be Britain’s next prime minister as she pitched the U.K.’s leader-in-waiting on continuing to steer the country’s finances on Thursday. Tax rises across her two budgets and her tight grip on public spending ensured that Starmer’s government reduced government borrowing below 5 percent of GDP for the first time since 2019, Reeves told the British Chambers of Commerce Global Annual Conference Thursday morning in Westminster. “Andy has been really explicit that he backs those fiscal rules.
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