CashNews.co
As the Labour party conference kicks off in Liverpool, chancellor Rachel Reeves spoke on the Radio 4 Today show ahead of her conference speech.
She said the government wants to “set out the prize” of strong growth ahead, but stressed tough choices must be made about the economy. Labour has the task of being honest about the state of public finances while also being “pro-growth” and “pro-business”, she added, highlighting policies that were laid out as the party took office this summer, including pensions reform and a national wealth fund.
Reiterating previous promises, she said there would be “no return to austerity” and “real terms increases to government spending in this parliament”.
It is thought in her speech today she will try to send and uplifting message, despite the fact that “everybody knows our public finances aren’t in great shape”.