Chancellor says ‘world has changed’ and UK not immune to effects of wars, US tariffs and higher borrowing costs

Rachel Reeves said she had made a 'solemn promise' to stabilise the finances as she dodged on how she plans to fill an estimated £30billion gap in the government's books.

Chancellor says ‘world has changed’ and UK not immune to effects of wars, US tariffs and higher borrowing costs

The chancellor received 10 standing ovations as she set out her pitch to Labour members ahead of what will be a difficult Budget in November

Chancellor tells Labour Party conference to keep the faith as she raises possibility of VAT increase and attacks Andy Burnham’s ‘dangerous’ spending plans

Chancellor of the Exchequer Rachel Reeves says 'the world has changed, and we are not immune to that change.'