Reported about 1 year ago
Britain's Labour Party is dealing with its first fiscal challenge of a £10 billion crisis bill as it returns to government after a long hiatus. The new Chancellor of the Exchequer, Rachel Reeves, must find ways to fix the economy amid acute crises like public sector pay, fuel duties, and healthcare funding. With a high debt ratio and limited market capacity for more spending, Labour faces tough decisions on how to address these financial issues and keep the public on their side, as they navigate through their early policy announcements and budget planning.
Source: YAHOO