Chancellor Rachel Reeves Set to Unveil Economic Vision in Maiden Mansion House Speech on November 14

Chancellor Reeves has confirmed the date for her inaugural address at the City's esteemed Mansion House dinner. According to Sky News, her first speech as chancellor is scheduled for November 14.

City editor Mark Kleinman @Sky

Friday, October 4, 2024 10:01

Rachel Reeves, serving as chancellor, is set to give her first major address at the UK's premier yearly meeting for top finance professionals and business executives in mid-November.

Sources indicate that the Treasury, the Bank of England, and the City of London Corporation have scheduled the Mansion House dinner for November 14.

The meal is scheduled to take place just over two weeks following the chancellor's presentation of her first budget.

Latest Financial Update: Cities with the Steepest Council Tax Rates

Anticipation is building within financial circles and the private sector for significant tax increases to be announced by Ms. Reeves on October 30.

On Thursday, she criticized the performance of her Conservative predecessors, stating that they had neglected to focus on investing in the UK economy.

"She declared her intention to avoid those errors."

Further Details on Rachel Reeves

Following her caution about stricter budget controls, the public might find themselves baffled by Reeves' statements.

Labour's proposal to tighten regulations on non-domiciled residents may be diluted due to worries that it won't generate revenue.

Applications for pension credit surge as the chancellor declines to reinstate reduced winter fuel allowances

Associated Subjects:

The policies shaping the upcoming event at Mansion House, hosted by the chancellor, will largely depend on her approach to taxing high-income individuals and potential changes to the taxation of the banking sector.

Officials indicate that she is anticipated to reveal more information about the government's initiatives to fast-track pension fund reforms soon, possibly including these details in her upcoming Mansion House address.

Stay ahead with the latest breaking news updates.

Download the Sky News application at no cost

Learn more from Sky News: The government is investing £22 billion in cutting-edge net zero technology. The automotive sector raises concerns as electric vehicle purchases plateau. Despite escalating conflicts in the Middle East, oil prices remain stable.

This week, Sky News reported that officials from the Treasury are preparing for Ms. Reeves to travel to China at the start of next year. This trip will mark the first Economic and Financial Dialogue between the two nations since 2019.

A representative from the Treasury chose not to comment, and the City of London Corporation did not reply to inquiries.

Associated Subjects

Sky News Bottom Section

Information About Sky News

Services Provided by Sky News

Sky Television Networks

Additional Sky Websites