UK finance minister says era of 'trickle-down, trickle-out' economics over

Reuters

23 September 2024 at 7:42 am·1-min read

Labour Party Annual Conference in Liverpool

LIVERPOOL, England (Reuters) - British finance minister Rachel Reeves said on Monday the era of "trickle-down, trickle-out economics" was over, as she delivered a speech at the Labour Party conference ahead of a budget next month.

"We are calling time on the ideas of the past; calling time on the days when government stood back, left crucial sectors to fend for themselves, and turned a blind eye to where things are made and who makes them," Reeves said, as she announced plans to publish a new industrial strategy next month.

"The era of trickle-down, trickle-out economics is over."

(Reporting by Alistair Smout, Andrew MacAskill and Elizabeth Piper, writing by Sachin Ravikumar; editing by William James)

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