Carney weighs in for Reeves as she promises 'iron discipline'

RACHEL REEVES declared Labour “ready to serve, lead and rebuild Britain” today as she unveiled her vision for the nation with her party feeling power tantalising within its grasp.

The shadow chancellor promised “iron discipline” to restore Britain’s “dire” public finances and won a resounding endorsement from former Bank of England governor Mark Carney who said it was “beyond time we put her energy and ideas into action”. But she also warned of “tough choices” if Labour wins power, refusing to pledge tax cuts in the next Parliament where there would be a focus on improving the NHS and other public services.

In her keynote speech to Labour’s annual rally in Liverpool, she was set to hail a “momentous week” but also warn against “complacency” after Sir Keir Starmer had restored the party from its 2019 election disaster under Jeremy Corbyn. “It falls to us to show that Labour is ready to serve,” she was due to tell the party faithful. “Ready to lead ... and ready to rebuild Britain.”

Amid accusations that Labour is policy-lite, Ms Reeves announced:

⬤ A new “star chamber-style” acceleration unit would be set up in Downing Street if Labour wins power to ensure major projects like HS2 do not fall behind schedule and soar over budget.