Rachel Reeves insisted the turbulence in the financial markets underlined the need to go ‘further and faster’ in search of economic growth.
The UK chancellor faced questions in the Commons after the cost of government borrowing increased and the value of the pound fell in recent days, putting her plans for the nation’s finances at risk.
Reeves told MPs: ‘We have seen global economic uncertainty play out in the last week. But leadership is not about ducking these challenges, it is about rising to them.
‘The economic headwinds that we face are a reminder that we should – indeed, we must – go further and faster in our plan to kickstart economic growth.’
By David Hughes, Nina Lloyd and Holly Williams
Press Association: Finance
source: PA
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