"Iron Chancellor Reeves's January"

This is a US news story, published by BBC, that relates primarily to Rachel Reeves news.

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BBC

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World

Rachel Reeves: Iron Chancellor may need flexibility to get growth

Summary

Nutrition label

74% Informative

Rachel Reeves pledged she would be an "iron" chancellor, reining in public spending and improving the lives of working people through growing the economy.

This month has tested that plan, with a global bond market tantrum and the pound falling sharply.

Reeves has pledged not to borrow to fund day-to-day spending and to get debt falling as a share of national income.

Will she follow the US away from the decarbonisation path to benefit from cheaper hydrocarbon prices promised by President Trump ? Will she offer Britain to the global tech and pharma industries as a deregulatory haven from the EU and US respectively? The self declared iron chancellor remains attached to stability, but zero growth is a form of stability too.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful