The Rest Is Money 150. Exclusive: Rachel Reeves On Why Trump Won't Control Us
10 snips
Mar 27, 2025 Rachel Reeves, the Chancellor of the Exchequer, shares insights on the Spring Statement and its significance for the UK economy. She discusses the government's commitment to economic growth despite pressures from the U.S. regarding tech taxes. Various topics include the urgent need for construction workers, the importance of fair wages for young people, and the challenges disabled individuals face in the job market. Reeves also addresses welfare reforms and provides an optimistic outlook on wage growth and decreasing inflation amidst a cost of living crisis.
AI Snips
Chapters
Transcript
Episode notes
Global Uncertainty and Tariffs
- Rachel Reeves believes Putin's invasion of Ukraine is the ultimate culprit for global uncertainty.
- However, she acknowledges Trump's tariffs are also damaging world growth.
Government's Response to Economic Deterioration
- Reeves defends her government's actions amidst worsening economic conditions.
- She emphasizes their commitment to stability for families, businesses, and investors as a foundation for growth.
Construction Worker Shortage
- The UK faces a shortage of construction workers, hindering the government's house-building plans.
- Reeves highlights efforts to train more workers, including incentives for retired construction workers to teach.