Chancellor of the Exchequer Rachel Reeves promised to deliver a UK budget showing “real ambition” next month as she used her speech at the Labour Party’s annual conference to project a positive vision for the country.

RACHEL Reeves will today hail Britain’s “immense” potential but warn the country faces economic “ruin” if it doesn’t balance the books. The Chancellor is seeking to move away from the bleak

In her first major speech since becoming the UK's first female finance minister, Rachel Reeves has made it clear that Britain will not return to an era of austerity, despite the growing concerns over the state of the country's finances.