Prime minister says agreement will be a ‘boost to our trading relations’. This live blog is closed
Keir Starmer is due to hold a press conference with Olaf Scholz soon. You can watch via the live stream at the top of the page. You may need to refresh the page for it to come up.
Chancellor Rachel Reeves has refused to rule out a rise in inheritance tax or capital gains tax, reports the PA news agency.
I’m not going to write a budget two months ahead of delivering it. We’re going to have to make difficult decisions in a range of areas.”
The UK economy is just emerging from the recession that we entered into last year, and two quarters of positive economic growth is not going to reverse more than a decade of economic stagnation.
Much work is needed to rebuild the foundations of our economy so we can rebuild Britain and make working people better off, and that is why growing our economy is absolutely essential.”
Unless we grow the economy, we’re going to continue to be in a situation where taxes are at too high a level and public spending is not sustainable.
We’ve got to break out of this doom loop, which is why growing the economy is the number one priority of this new government.”
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