Bloomberg Talks UK Chancellor Rachel Reeves Talks Rejecting Wealth Tax
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Sep 29, 2025 
Rachel Reeves, the UK Chancellor of the Exchequer and a senior Labour politician, dives into pressing issues like tax policy and child poverty. She firmly rules out a standalone wealth tax, arguing that existing wealth taxes are sufficient. Reeves discusses the importance of fiscal responsibility and commitments not to raise several key taxes. She also touches on innovative welfare reforms aimed at reducing youth unemployment and ensuring financial stability, all while standing firm on Labour's manifesto pledges.
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Personal Drive On Child Poverty
- Reeves recounts joining Labour to give children from all backgrounds a good start in life.
- She cites measures already taken: free breakfast clubs, more free school meals, capped uniform costs, and wage increases.
Stability As The Bedrock Of Policy
- Rachel Reeves argues economic stability and fiscal responsibility are essential to protect working people from past mismanagement.
- She links fiscal discipline to lower interest rates and better outcomes for families and pensions.
Make A Youth Guarantee Work
- Implement a youth guarantee to get one million young people into training, education, or work.
- Reform welfare to reduce costs while increasing employment among young people.