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Investing.com -- British Finance Minister Rachel Reeves stated that the UK economy is not broken, though she acknowledged ongoing challenges that need addressing.
"Britain’s economy isn’t broken," Reeves said in a video posted on X. "But I’m not satisfied. There’s more to do. Cost of living pressures are still real."
The finance minister emphasized the importance of reducing inflation and borrowing costs by maintaining strict control over government spending.
"We must bring inflation and borrowing costs down by keeping a tight grip on day to day spending through our non-negotiable fiscal rules," she added.
Reeves made these comments shortly after announcing that the government will present its next budget on November 26.
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