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Reeves Faces City in First Major Speech Since Commons Tears

Reeves Faces City in First Major Speech Since Commons Tears

Bloomberg6 days ago
Chancellor of the Exchequer Rachel Reeves will highlight plans to spur homeownership by easing access to mortgages in her flagship annual address to the City of London, a key moment for Britain's finance minister as she seeks to bounce back from a rocky period that included a market-moving tearful appearance in the House of Commons.
Reeves, who has been under pressure since a U-turn over planned welfare reforms and an emotional showing in Parliament that caused traders to sell off gilts and the pound, will announce a permanent mortgage guarantee scheme and more home loans for people on lower incomes, according to a statement from the Treasury. Reeves will reveal the measures at an event in Leeds on Tuesday, before traveling down to London for the famous Mansion House address.
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