Rachel Reeves outlines Labour's plan for Britain in first speech as Chancellor 

Legalise and heavily tax cannabis. Stop letting the organised gangs making a killing on the market.

I'm not sure Rishi was telling the truth when he said Labour had no plans....

Tax the rich, the really rich ones! Not the ones on 1m, but those with assets over 10m.

No! The Tories put themselves and their interests first, Party second and Country third.

Millionaires and Billionaires with their assets and businesses here in the UK should be effectively taxed, like The Green Party's proposed taxes on assets worth over 10 million. They can lose 90% of their wealth and still be able to afford their lavish lives. Tax the billionaires and far less on ordinary people. Chasing the dodgy finances of the Conservatives as well would help as well, end any deals with them and their donors to purge their corrupting influence on parliment.

God it's just so refreshing having an actual grown up talking concisely about what they're going to do.

I trust Labour to put 100% into fixing what the Tories have broken over 14 years. What worries me is that the public won't have the realistic expectations or patience to let the Labour plan cook. Give it a month or two, and we'll start hearing loud voices of discontent complain that "nothing has changed". Sure, some fixes will be quick, but most will take much MUCH longer (probably years) to bear fruit. Unfortunately much of the public won't understand this, and assume Labour are failing even if they're doing the absolute best they can with the situation. Guaranteed people like Farage will try to drive a wedge into such issues, and many will listen to him. Labour need time, but most won't given them it. It's going to be a huge issue.

Tax the rich and their assets. Stop taking money from foreign countries and stop lobbying firm influencing British politics.

My god. I’d almost forgotten over the last 14 years what a government is supposed to sound like and act!

Ok. Let’s see what pans out over the next 5 years. As the Labour Party are painfully aware, we will judge them on their actions and results.

Actually pleasantly surprised by how thoroughly and quickly this has been put together

Just make EVERYONE pay their taxes, not just the working classes. Sick of it.

Tax the rich

Why is a wealth tax not one of those “difficult” decisions??????

They should make the torries pay for the irreparable damage they have done to the British economy.

Tax the 1% billionaires, use the money to repair our country. Be brave & stand up to this.

Heavily tax foreigners who own residential properties. They skew the market

Having roughly £350K in ISAs with my spouse makes it hard to adjust to consistent five-figure fluctuations. Even though I profited £21K from market fluctuations last month, it's not really "enjoyable" for a number of reasons, including "Yeah, but the bubble is just getting bigger" or "I have years until retirement, so everything is more expensive." You always seem to be afraid of the worse. Still, self-education-which includes seeing films like this one-has its advantages. Plus, a great market analyst like *Leah* *Alderman* *Foster*, whom I do work with, puts up a really well-rounded professional guide. P.S. It's not like I'm not used to four figure swings; I play side hustle poker and blackjack. But the market appears so distant. and quite apart from what you did. If you're winning, especially at poker, you know you have what it takes to overcome any setbacks and fluctuations. With the market, all you have to do is buckle up and trust the process!

Its strange listen to someone who seems to know what they are talking about.

Please let’s see change for the better. Stop with the austerity and actually fund public services to improve wellbeing and standards of living for all.

Tax wealth. Whoever earns money from this country needs to pay tax even if they don't live here. This system is used in other countries and should be used here.

It's not really about the economy as such, it's about the social structures. Companies must no longer get away with not paying workers enough to live on. Why is the tax payer subsidising big companies like Costa, Starbucks, McDonald's ets ?

We are still taxing low income earnings and state pension.Raise the threshold to£20,000

How are the previous people who basically stole billions around 50 billion said here, not in jail or going to court ffs?

We need to clear out offcom, offwatt, off everything! Every regulatory body has been captured by the very industries they are supposed to be keeping an eye on! 🤷🏻‍♀️

Didn't vote labour but I actually like what they are saying here, why didn't they broadcast all this when on the election campaign.

At this point in 2010, tories were cheering on a program of austerity that wasn't even needed. 14 years down the line with the country in a far worse state, those same tories are outraged because Labour are building houses on land and spoiling the view from their kitchen window. Priorities, eh?

Tax wealth Not income This country is NOT poor. We have a chronic wealth distribution issue and Politicians haven't the balls to tax a tiny clique of people who own an obscene amount of wealth in many forms. That tiny clique also weilds a disproportionate amount of power to protect their own interests. Notwithstanding the fact that politicians are a part of that clique.. Sooo... A few ideas for raising taxes at the higher end.. Higher rates of income tax at the upper end with more banding and slight increases over a long period of time to reduce systemic 'shock'. High value transfer tax of assets, property and financial products, no idea how to make this work, but it wouldn't need to be much and probably not noticed by companies and individuals with 'wealth' from say £250M and above. Taxation on multiple domestic dwelling ownership by private individuals and corporate investors, again, to reduce shocks, wouldn't need to be much, but enough to discourage and slow down the increasing transfer and monopoly of property into landlord hands, also having a cooling effect on the increase of property prices. Banded inheritance tax. Tiered capital gains tax, especially at the higher end. Tiered and higher levels of stamp duty, again, at the higher end. Banded corporation tax, keeping existing sub £150k CTs to look after smaller business with slight increases thereafter. No more tax havens and tax avoidance for UK residents /passport holders..(we make those laws, so we can change them) All revenues to be paid into UK regulated banks in the first instance. Overseas corps to pay uk tax on profits extracted in the UK at source. Some of the above requires international cooperation as many other developed countries share the same taxation/ treasury issues as us. I've heard that there is already international parity on corporation tax, at least in the pipeline. Also, raise the VAT threshold to £125k this will be a massive boost to smaller business, who's owners, in turn, will be pouring more money back into the economy because they're not actively suppressing their business activities in order to stay below the threshold, this will encourage households to spend more money on contractors for example... And the final benefit is that those small business owners will be less likely to participate in the black / cash economy which means more declared / taxable income for the treasury.... EVERYONE WINS!

The top 50 families in this Country own £500 billion of the wealth,equal to 50% of the population..roughly 30 million people.Hmmm...

They played their cards close to their chest during the campaign and now they're all out...great strategy!

I dont think people realize just how insanely needed planning reform is. Its not a sexy or controversial topic but it will basically remove so much red tape for home building. It will mean more money can be easier invested into infrastructure that the people need. A huge win for everyday working people.

I didn't vote for Labour but fairs fair and I thought she was very good.

Well done Rachel Reeves, what a great start, let's hope it can be delivered.

are they still planning to do an corruption enquiery on the tory patry?

The country is skint its literally the homeless man of Europe. As she said did not matter who got in its going to be hard to fix .

It looks like we are now part of Beijing with that backdrop ...

Wow what a positive speech

I hope 'removing red tape' isn't code for deregulating and therefore having shit housing. Quality of home building matters, efficient homes matter, not destroying the environment matters. I'm interested to see what this means.

Tax Wealth not Labour, make the owners pay their share instead of picking the pockets of those who live off a Wage.

Very impressive. That’s how you do it.

7 minutes into the speech still waiting to hear a plan

The planning issue needs to make the NIMBYs opinion less valued. We can't have 10 old people complaining that a trainline is too close to their house and that spirals a load of decisions to appease them whilst costing loads of money in the meantime for more and more committees. We are sorely lacking in infrastructure and the NIMBYs are always a huge problem that creates tonnes of needless red tape.

Tax the supper rich at the next budget.

Why is it that when I hear "difficult decisions" and "hard choices", I just know it's the poor who are going to suffer the consequences? Why is it that the rich never have to pay the price?

Look at that. Powerful voice. Affrimed plan and timescale. The TRUTH that things are going to be tough from here on out. With a serving of... HOPE... That which revives life into a fallen country.

Think the Lady means BUSINESS.

Why does it seem that parliament is doing something? We aren't used to this. All we heard for 2 years was Rawanda. I'm baffled 😂

Everyone demanding that Labour should tax the rich did not read their manifesto. They ain’t gonna 😅😅😅😅😅

We're still a working democracy. Competence is actually more important than ideology.

You can hear the anger in her voice from what she has inherited.

I hope this government delivers on these promises and actually improves lives. I hope they arent just telling people what they want to hear.

Everything she said could have been said by a tory.

This speech was excellent. It resembles nothing like what the Tories provided us with. Transparent and brave, no fence sitting. It showed confidence in the government’s plan - how refreshing!

Very good speech, well presented and detailed, now let’s see the implementation.

NIMBY's are crying rn

Tax the super rich

Strong words. Gives a sense of urgency and action. No one mentioning the skills or materials required to build so many homes.

She's channelling Liz Truss she said exactly the same thing lets get rid of those pesky green bits

They safely got accross the ice rink and set down the Ming vase, but the table they put it on is wobbly.

Chancellor and your team,this sounds optimistic,honest and refreshing.I have faith! Congratulations on your win.

Good luck to her 🥹

Previous Govt. needs putting on trial for neglect.

Not only chaos, but huge corruption

See how much of that she knew with no teleprompt or notes. omg a competent chancellor!

This is a pretty clear message that there is going to be austerity.

Take a good look, she and her party boycotted the commons debates on excessive British deaths.

Get Israel out of British Politics altogether.

Didnt vote for Labour, but this has raised my eyebrow a bit. Lets see where this goes.

It is really nice to watch a senior cabinet member give a speech and not be muttering "lies lies lying rotten lier" over and over again.

How many times did she say "there's no time to waste"?😁

This is nothing but giving private sector lots of tax money and centralising power

more taxes and more illegal immigrants and asylum seekers - this is what you will get from Labour govt.

Here come the excuses! So, nothing will change in the next 4 years.

Holy War on Nimbyism

It’s like the adults have entered the room

Hasnt taken long for Labour to sound like tories. Hard choices? Print money. Thats what governments of all shades do. Tax receipts will follow shrinking any Deficit

She says the British people voted for change. Yet, 80% of them did not vote for Labour...

I would not let her do my weekly shoping

Sounds great! Let's see what she can deliver.

A lot of talk. Still don’t know anything.

You can't just build 1.5M homes without first building water reservoirs, sewer capacity, etc. we have private water companies to thank for not reinvesting profits into infrastructure, opting to pocket it for short term gain. Then we've got the roads, the roads are already over capacity and crumbling. To solve that we need cheaper and more reliable public transport and incentives to use it over using a car, again we have private rail companies to thank for not reinvesting profits. 1.5M homes should never have been promised, people should be realistic that it will have to come in the next term.

Has anyone notice we never have a real choice

I wonder who all the new housing will go to? lol.

Relax planning, build millions of new homes, fill them with asylum seekers, 🙄

Please prioritise the following three things before anything else: 1) Repeal IR35 and increase wages 2) Reduce energy prices as much as possible - people should not have to choose between heating their homes and eating. 3) Stop importing cheap labor and improve the treatment of the local workforce.

TAX THE TOFFS

oh my goodness!! I hope they build affordable housing on the road where she lives!!

I love the smell of competence in the morning

Here starts the BS.

I’ll believe it when I see it! And as for the people voting for change, you got 19% of the vote! Not a great mandate!!

I trust Rachel Reeves more than the entire Tory cabinet put together. Britain was crying out for a change after falling on its chest. 😂

Did anyone notice she said social housing not council houses. So itll be the private sector that will build and own the social housing.

Can't believe you people keep voting for people that talk like this. Labour and conservatives, all the fkn same.

Aye the coffers are empty just like when Labour were kicked out last time. Yawn,.............nothing will change in the next 5 years.

Whats the point of building new housing if your not gonna get control of immagration there will never be enough housing unless you close our borders

I and a disabled person. I am designing an Item once completed, I do not want my design stolen as it would have under the boot of the right. I intend to hopefully sell as a business not that I care for profits just help disabled people to a better improved existence. That is my goal.

Very impressive. Hopefully there are finally some adults in the room. Labour hitting the ground running

A sigh of relief

You won’t be saying that when you gotta start paying more tax

i have found the cure for insomnia its called labour