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    Home > Finance > UK's Starmer says Britain will stick to fiscal rules
    Finance

    UK's Starmer says Britain will stick to fiscal rules

    Published by Global Banking & Finance Review®

    Posted on January 24, 2025

    1 min read

    Last updated: January 27, 2026

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    Tags:GDPUK economyFiscal consolidationfinancial stabilityeconomic growth

    Quick Summary

    UK Prime Minister Keir Starmer confirms adherence to fiscal rules set by finance minister Rachel Reeves, emphasizing economic stability and growth.

    UK's Starmer Affirms Commitment to Fiscal Rules Set by Reeves

    LONDON (Reuters) - Britain will keep to the fiscal rules set out in finance minister Rachel Reeves' October budget, Prime Minister Keir Starmer said Monday.

    "We're going to stick to our fiscal rules," Starmer said. "We set out those fiscal rules very early on... because we knew that the missing ingredient in recent years has been economic stability."

    Asked whether finance minister Rachel Reeves would still be in post at the next election, due in 2029, Starmer said: "I'm confident in our mission for growth, and I'm confident, completely confident, in my team."

    (Reporting by Sarah Young, Writing by Sam Tabahriti, Editing by William James)

    Key Takeaways

    • •UK will adhere to fiscal rules set in October budget.
    • •Prime Minister Keir Starmer emphasizes economic stability.
    • •Finance Minister Rachel Reeves' role confirmed until 2029.
    • •Focus on growth and confidence in the current team.
    • •Economic stability seen as a missing ingredient in recent years.

    Frequently Asked Questions about UK's Starmer says Britain will stick to fiscal rules

    1What did Prime Minister Keir Starmer say about fiscal rules?

    Prime Minister Keir Starmer stated that Britain will adhere to the fiscal rules outlined in finance minister Rachel Reeves' October budget.

    2Why does Starmer believe economic stability is important?

    Starmer emphasized that economic stability has been the missing ingredient in recent years, which is why they set out fiscal rules early on.

    3Will Rachel Reeves remain finance minister until the next election?

    When asked about Rachel Reeves' position at the next election in 2029, Starmer expressed confidence in their mission for growth.

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