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

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.

LIVERPOOL, England — Britain has a new, all-powerful leader calling the shots — just not the one people thought they were voting for. Since Labour swept to power in July, the government’s agenda has become more or less identical with that of the chancellor, Rachel Reeves — for better or worse.

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.

Reeves pledges investment to ‘rebuild Britain’ will feature in Budget - The Chancellor will signal future investment in public services after weeks of emphasising the difficult economic legacy Labour has inherited.