Andrew Bailey has contradicted claims by Chancellor Rachel Reeves that she has inherited the weakest economy since the Second World War
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Critics suggest Ms Reeves is presenting the worst-possible picture of the economy in order to pave the way for tax rises in her first Budget this October. hancellor of the Exchequer Rachel Reeves gives a speech at the Treasury in London, Britain, to an audience of leading business figures and senior stakeholders, announcing the first steps the new Government will be taking to deliver economic growth on July 8
Read MoreEXCLUSIVE I'm going nowhere! Bank of England boss tells MoS he'll stay for four more years - and delivers bright view of economy Cutting interest rates from a 16-year high of 5.25 per cent to 5 per cent eases the pain on millions of borrowers, and is an early gift to the new Labour government just one month into its tenure. Ms Reeves plans to fill some of the ‘gap’ in the public finances by stripping around 10 million pensioners of their winter fuel payments, saving £1.
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