Economic Impact on Labour Budget

This is a Britain news story, published by Guardian, that relates primarily to Rachel Reeves news.

Britain news

For more Britain news, you can click here:

more Britain news

Rachel Reeves news

For more Rachel Reeves news, you can click here:

more Rachel Reeves news

News about United kingdom business & economics

For more United kingdom business & economics news, you can click here:

more United kingdom business & economics news

Guardian news

For more news from Guardian, you can click here:

more news from Guardian

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about United kingdom business & economics, you might also like this article about

corporate Britain

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Tory legacy news, tech sectors news, news about United kingdom business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

tech sector

Guardian

•

Britain could be a sci-tech superpower – if the Treasury stopped holding it back | Will Hutton

Summary

Nutrition label

80% Informative

Rachel Reeves warns that hard choices on tax, spending and borrowing need to be made on 30 October when she delivers the first Labour budget since 2010 .

But widen the economic lens to the condition of corporate Britain and the scale of its presence in new technologies and the Tory bequest is unambiguously bad.

Britain does not possess a critical mass of ambitious, sizeable-growth companies capable of leading any private sector investment or growth boom.

The Treasury is reluctant to let go of its traditional role as bean counter-in-chief.

Already it has persuaded Reeves to cancel the 800 m exascale quantum computer project at the University of Edinburgh and is ready to lose AstraZeneca ’s vaccine production to the US .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful