Interview with Rachel Reeves Shadow Chancellor

The transcript discusses Labour's plans to invest in transport across Northern England and devolve more powers to metro mayors. It highlights a proposal to reduce VAT on gas and electricity bills from 5% to 0% for six months to alleviate the cost of living crisis. The funding for this VAT cut would come from higher-than-expected Treasury receipts. Labour's budget priorities include addressing the cost of living crisis, supporting businesses, tackling climate change, and promoting domestic production.

What is Labour's proposal regarding gas and electricity bills during the winter period?

How does Labour plan to fund the proposed reduction in gas and electricity bills?

What are the concerns mentioned regarding the rising cost of living?

What challenges does Labour aim to address in their budget proposal?

What priorities does Labour have for the upcoming budget?