British Treasury Minister Rachel Reeves said on Tuesday that since the approval of the general budget last year 2024, the United Kingdom has been facing further challenges. The minister announced her government's commitment to reforming the social care system and acknowledged that there are also long-term challenges. She also stated that inflation is slowing down significantly, while the cost of government borrowing has risen globally. She added that it is clear that productivity performance has been weaker than previously thought. The minister affirmed her commitment to the rules and promised to take the necessary steps to provide a strong foundation for her country's economy, saying that there is still a lot to be done and that she will continue to work on improving the efficiency of public services.
