spending

Activists and some MPs believe increased taxes could help fund welfare spending and tackle harmful gambling.

The aim of restricting reserve access is to help Reeves stick to her borrowing rules by reducing government borrowing and keep department spending within totals announced at the June Spending Review.

Imagine Labour's deputy leader, were Thornberry to win, spending the autumn talking up a wealth tax, in the weeks before the Budget in November.

“It makes no sense that we wouldn’t. And the Russians are spending a ton of money on it, as are the Chinese.”

She made her remarks as she offered to work with Sir Keir Starmer "in the national interest" to cut welfare spending.