Labour has ruled out a “return” to the austerity seen in the 2010s, and still felt long after. However, critics inside the party continue to accuse Ms Reeves of just that, arguing that her rhetoric and policies bear an all-too-similar resemblance.

Rachel Reeves has promised Britain’s “best days lie ahead” as she sought to strike a more optimistic tone in her first speech to the Labour Party conference as chancellor. Reeves has been accused of talking the economy down by warning of “tough choices” to deal with what she says is a worse-than-expected inheritance from the Conservatives.

Rachel Reeves is set to use her first speech at a Labour conference to vow there will be "no return" to austerity under a Labour government. The chancellor is expected to declare that her first budget, due on October 30, will not be an austerity measure, and instead will “rebuild Britain” and deliver the change they promised the electorate.

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.

But the chancellor's conference speech on Monday risks being overshadowed by the row over her decision to axe winter fuel payments.

By Alistair Smout, Andrew MacAskill and Elizabeth Piper LIVERPOOL, England (Reuters) -British finance minister Rachel Reeves ruled out a return to economic austerity on Monday, trying to brighten the gloomy tone her party had adopted since its landslide election victory in July.

The UK’s new Labour government won’t return to the austerity cuts of its Conservative predecessors, Chancellor of the Exchequer Rachel Reeves will promise on Monday, as she pivots toward a more positive narrative after weeks of warning about the dire state of the public finances.

U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, saying her budget proposals will look to rebuild the country.