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UK's Reeves says growth is key as she prepares to set out budget
Published by Global Banking & Finance Review®
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Rachel Reeves highlights economic growth as the key to solving UK's challenges in her pre-budget speech, emphasizing national interest over political expediency.
LONDON (Reuters) -British finance minister Rachel Reeves said on Tuesday economic growth was the best way out of the country's challenges, in a speech setting out her thinking ahead of the November 26 budget.
"In the end, growth is the best way out of the challenges that we face," Reeves, in a rare pre-budget speech, said when asked whether she would break Labour's manifesto pledges or raise taxes to meet fiscal goals.
"I've set all that out. But if you're asking me, what comes first, the national interest or political expediency, it's national interest every single time."
(Reporting by Sarah Young, writing by Sam Tabahriti, Editing by Kate Holton)
Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period, serving as a broad measure of overall economic activity.
Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured as the percentage increase in real GDP.
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