Politics and Government Politics and Government
Tue, January 14, 2025
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UK politics live: Reeves warned more cuts would b .. l suicide' as pressure builds over market turmoil

UK politics live: Reeves warned more cuts would be 'political suicide' as pressure builds over market turmoil


Published on 2025-01-14 05:40:38 - MSN
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  • Reeves warned more cuts would be 'political suicide' as pressure builds over market turmoil - Chancellor to address parliament as economic pressure mounts over cost of borrowing and falling pound

The article from MSN discusses the current political and economic turmoil in the UK, focusing on the aftermath of the mini-budget announced by former Chancellor Kwasi Kwarteng. Labour's Shadow Chancellor Rachel Reeves has warned that further cuts to public services would be "political suicide" for the Conservative government, especially in light of the market instability caused by the unfunded tax cuts. The article highlights the pressure on Prime Minister Rishi Sunak and Chancellor Jeremy Hunt to stabilize the economy, with discussions around potential tax rises and spending cuts to manage the financial fallout. Additionally, there's mention of internal Conservative Party dynamics, with some MPs expressing frustration over the economic strategy, and the broader implications for the upcoming budget. The piece also touches on public sentiment, with polls indicating a significant lead for Labour, reflecting widespread dissatisfaction with the government's handling of the economy.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/uk-politics-live-reeves-warned-more-cuts-would-be-political-suicide-as-pressure-builds-over-market-turmoil/ar-BB1rqdf5 ]
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