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The Guardian // Politics

Too many want to do Britain down – Labour will defy the doomsayers and beat the forecasts | Rachel Reeves

Tuesday 28th October 2025, 9:20PM

I don’t pretend the choices will be easy, but my budget has one focus: to invest in building a better future for everyoneRachel Reeves is chancellor of the exchequerAhead of next month’s budget, I am confident that the foundations of Britain’s economy remain strong. Since the election, we have seen interest rates cut five times, three trade deals struck with some of the world’s biggest economies and wages rising faster than inflation. Tens of billions of pounds of investment has been secured, with business after business choosing Britain as a beacon of economic stability and success in a more dangerous world.You never hear those on the right of British politics championing these successes. They are determined to talk of an economy that is broken because that is the only way their politics can breathe. They talk of a Britain that is in a permanent state of decline because that is the height of their ambitions for it. I reject both claims.Rachel Reeves is chancellor of the exchequerDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.

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