Interview with Rachel Reeves Shadow Chancellor

The transcript discusses Labour's plans to invest in transport across Northern England and devolve more powers to metro mayors. It highlights a proposal to reduce VAT on gas and electricity bills from 5% to 0% for six months to alleviate the cost of living crisis. The funding for this VAT cut would come from higher-than-expected Treasury receipts. Labour's budget priorities include addressing the cost of living crisis, supporting businesses, tackling climate change, and promoting domestic production.

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