The Chancellor, Rachel Reeves has left out the vital detail of who will pay for her newly announced projects, say leading audit, tax and business advisory firm, Blick Rothenberg.
Chantal Van Stipriaan, a Partner at the firm, said, “In her speech at today’s Labour party conference Rachel Reeves has made a number of proposals, but did not explain how she will financially bring her ideas to fruition.
“The Chancellor has promised that the 1700 primary schools who do not have a library will have one before the end of this government, but she has not explained where the funds for this will come from or the mechanism for schools to access them. It is the same story for the 1.5m social houses she wants built and the £29bn that will be given to the NHS.”
Chantal added, “Her plans for young people are a guaranteed place in college, an apprenticeship, or one or one support for jobs, and for those who have been out of work for 18 months, a paid work placement. This sounds good on paper, but how is this financed and what are the costs? What are the plans to make this actually happen?
“The youth mobility agreement with Europe is another headline grabbing statement, but Rachel Reeves has not explained how this will work. Is the EU expected to pay for this? Will employers? Without knowing who will foot the cost it is hard to know how realistic and beneficial this idea will be.
“Rachel Reeves has repeatedly talked about working people and building a fairer Britain, but she has left us all in the dark as to who will pay for her vison.”
