UK Finance Minister Reeves vows no austerity despite tough budget
Finance minister Rachel Reeves will promise Britain on Monday there will be no return to "austerity" or widespread spending cuts despite previous warnings of a tough budget aimed at fixing the foundations of the economy. Following Labour's election victory in July, Reeves suggested taxes were likely to rise in her first budget on Oct. 30 because of what she said was a 22 billion-pound ($29 billion) hole in the public finances. She also announced that millions of pensioners would no longer receive fuel payments in the winter, a decision the government says it didn't want to take but one which trade unions and other traditional Labour sup
