Rachel Reeves announced a major policy shift in Washington, revealing plans to invest billions in UK infrastructure by changing how government debt is measured, allowing for increased spending on long-term projects. She confirmed that taxes will rise to fund day-to-day spending and that welfare budgets will face cuts, with the aim of reducing debt as a proportion of the economy. Despite criticism from Jeremy Hunt about economic stability risks, Reeves emphasized the need for increased investment in public services and a balanced approach to fiscal decisions.
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