Money news: Rachel Reeves braced for Labour winter fuel cut showdown

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Money news: Rachel Reeves braced for Labour winter fuel cut showdown
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Chancellor of the Exchequer Rachel Reeves in her office at no 11 Downing Street Welcome to Metro.co.uk’s money blog — today we’re keeping a close eye on the Labour conference and Rachel Reeves’ first speech there as Chancellor. Her decision to strip winter fuel payments from 10 million pensioners is likely to be the focus of fierce debate in Liverpool, with major trade unions demanding a U-turn on the policy.

After weeks of warning about a poor economic legacy left by the Conservative government, Ms Reeves will attempt to strike a more positive note, saying ‘my optimism for Britain burns as bright as it ever has done’.Other measures in her speech will include:– A recruitment drive and reforms to HM Revenue and Customs to tackle tax dodgers because ‘at a time of hard choices, I will not tolerate the minority who continue to avoid paying what they owe’.

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