Rachel Reeves gives first major speech as Chancellor

The video outlines the New Labour government's commitment to sustained economic growth as a means to improve national prosperity and living standards. It addresses the economic challenges inherited from previous administrations and emphasizes the need for stability, investment, and reform. The government pledges to adhere to fiscal rules and maintain tax commitments, while focusing on economic stability to foster growth.

What is the primary goal of the new government according to the speaker?

• To focus on international relations

• To reduce government spending

• To improve living standards through economic growth

• To increase taxes

What does the speaker identify as a major issue inherited from the previous government?

• High levels of inflation

• A lack of economic growth

• Excessive military spending

• Over-reliance on foreign aid

How much larger does the speaker claim the UK economy could have been with average OECD growth?

• £100 billion

• £160 billion

• £140 billion

• £120 billion

What are the three pillars of the new government's approach to growth?

• Education, healthcare, and infrastructure

• Tax cuts, spending, and borrowing

• Stability, investment, and reform

• Trade, technology, and tourism

What does the speaker emphasize about the promises made during the election?

• They are only guidelines

• They are subject to parliamentary approval

• They should be delivered on in government

• They can be changed if necessary