Ms Reeves used the speech to outline the challenges facing the government, and highlighted her priorities in regard to Autumn Budget measures.
Beginning her speech, Ms Reeves said she will 'make the choices necessary to deliver strong foundations for the economy' and stated that the government's priorities are protecting the NHS; reducing national debt; and improving the cost of living.
The Chancellor said: 'I want people to understand the circumstances we are facing, the principles guiding my choices and why I believe they will be the right choices for our country.
'The choices I make in the Budget this month will be focused on getting inflation falling and creating the conditions for interest rate cuts to support economic growth and improve the cost of living.'
No. 10 refused to re-commit to the manifesto pledges made by Labour before the election, which has led to speculation in regard to potential tax rises that could be unveiled in the Budget. Previously the Labour Party had promised not to increase Income Tax, National Insurance (NI) or VAT.
READ MORE
10/11/2025
View all >
15/04/2026
Government unveils crackdown on late payments
Small businesses to be backed by new, stronger measures to tackle late payments, the government has announced.
New procurement rules offer SMEs hope
The government’s new procurement rules that target opportunities for smaller businesses offer hope to SMEs, according to the British Chambers of Commerce (BCC).
Tourist tax would hit consumers with £1.6 billion tax rise
The government’s proposed tourist tax would constitute a £1.6 billion tax increase for holidaymakers, according to analysis by Oxford Economics.
Sign up to keep in touch to receive our latest news and industry updates.
* *
Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.