Reeves pledges to ‘never play fast and loose with your money’ – but does not promise tax cuts

In a bold move, Rachel Reeves, the shadow chancellor, has pledged to “never play fast and loose with your money” in an op-ed published in tomorrow’s Daily Mail. While this may not be the expected message from the Labour Party, Reeves argues that both her party and the Conservatives have evolved over the years.

Reeves highlights the economic instability caused by the Conservatives, pointing out that it was the Tories who crashed the economy, jeopardized pensions, and increased mortgage repayments. She criticizes Rishi Sunak for not being honest about his record in power and attributes the fall in inflation to the Bank of England rather than Chancellor Jeremy Hunt.

Drawing on her experience as an economist at the Bank of England and in financial services, Reeves emphasizes her commitment to sound money and responsible public spending. She acknowledges the need to earn the trust of voters and promises to lead a pro-growth, pro-business Treasury focused on improving the financial well-being of working people.

While Reeves does not pledge to cut taxes, she expresses a desire to reduce them by growing the economy to increase overall tax revenue. Her closing pitch emphasizes the importance of stability in bringing about positive change, protecting families’ finances, and attracting investment to rebuild communities and make Britain a desirable place for businesses.

With her strong stance on economic stability and responsible financial management, Rachel Reeves is positioning herself as a formidable contender in the upcoming election.