On July 3, 2025, during his visit to Sir Ludwig Gutman Health and Welling Center in East London, Britain’s Chancellor Rechhel Reves (C) reacts, where he launched the new health plan of the government.
Jack Hill | AFP | Getty images
The UK Finance Minister Rachel Reeves said, “I said on the first day that economic development was now our national mission.” His first mansion house speech about a year ago.
For today, rapidly forward and investors are unrelated, amazed by a slow economy, silent investment and debt of the Government of UK, which is about 100% of the GDP (GDP), according to the Office for budget responsibility, the government’s fiscal watchdog.
On Tuesday evening, the Chancellor of the upcoming Haveli House of Revenge Reeves will be an important moment to showcase Pragati and will indicate the next stages that it would pick up to withdraw development in the UK economy.
Investors will be looking for stability in speech and any clue of how Reeves and Treasury can fill a potential black hole as they reach the autumn budget, when a plan to tax 2026 taxation and spending will be prepared.
According to Nomura’s main UK economist George Bakle, this year’s speech will be most interesting.
“I think what is going on in public finance and fiscal space, because of this, what Ms. Reeves has to say, is going to be very interested in it. If you look back through the speeches of the previous Haveli House, many of them are talking about things like financial regulation, competition, finance field defeating,” he said.
“If you get a lot, the markets may not be very interested. But any suggestion of what can happen in the upcoming budget in the autumn, any discussion of fiscal policy is going to be more on the agenda, and we will see that very closely.”
There are some major areas that will be in focus.
Rews is expected that
Since the last summer election victory, pension has become a topical issue for the government, as the rising cost has become a stretch on the UK finance. The OBR estimates that the state pension will cost even more in the future, the GDP will increase by 7.7% in the early 2070s.
It is below for an aging population and is known as “triple lock” in colloquial language, where the state pension either grows in line with inflation each year, increases wages or 2.5% – whichever is the highest.
But the government has said that it is committed to triple lock during this Parliament, which means that savings will need to come from elsewhere.
“There are many pensioners who would be very upset if the triple lock was abandoned. I think it has still been charged politically to do much about it, the government has also said that they will not increase taxes on working people. So they have identified some taxes, which cannot do anything about your tax.
Many people in the city of London are afraid that the Reeves will try to fill a growing hole in their fiscal plans by increasing taxes on the financial services sector, such as an increase in bank levy, or rich individuals.
“I think a money tax is also charged quite politically. It is something that can potentially raise a lot of money, but … a risk that it pushes people out of the country, brain drain, so to speak, and this is something that they don’t want to do,” Bakle said.
Treasury is also planning to reduce red tape and spur growth by scrapping senior managers and parts of certification regime, including about 140,000 finance professionals.
Meanwhile, the Chancellor has allegedly sheltered any immediate plan to make changes in cash individual savings accounts or ISAS, after the alleged strong opposition construction societies and consumer campaigners.
And all this to increase confidence in their strategy amid growing pressure on Chancellor, after a series of U-turn on welfare and winter fuel payment cuts.
