Reeves says economic turnaround will take time and Farage ‘hasn’t got a clue’
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Chancellor pledges renewed focus on growth after Bank of England warning that Britain is on brink of stagnation. Rachel Reeves insists she won’t “gaslight” working people over her plans to turn round the economy as she launched a scathing attack on Reform’s offer to voters, saying Nigel Farage “hasn’t got a clue”.
![[Rachel Reeves standing in her office with her hand on a leather chair]](https://i.guim.co.uk/img/media/ef0eab8590f08c2d0986b0139c2dffad325f0dd5/0_262_6700_4020/master/6700.jpg?width=445&dpr=1&s=none&crop=none)
With many people still struggling with the cost of living, the chancellor defended her approach, which has so far focused on economic stability, arguing that it was impossible to turn round years of poor performance under the Tories in just six months.
Reeves has had a challenging start as chancellor, with her proposals to boost sluggish growth coming under intense scrutiny. The Bank of England warned this week that Britain was on the brink of stagnation, amid the fallout from her budget and the threat of Donald Trump reigniting global trade wars.
However, she pledged a renewed focus on growth in the new year, taking on the “vested interests” which had blocked infrastructure development, and requiring ministers to demonstrate that every policy will improve the situation. And with the latest polls indicating that Reform UK is growing in popularity as economic progress stutters, Reeves launched a broadside at Farage and his party’s lack of fiscal credibility.
