Rachel Reeves

We made some further changes to the tax arrangements for non-domiciled people earlier this year, which I think have been welcomed.

We will continue to monitor the response to any tax, but I would also say there are many people choosing to make Britain their home.

We have just doubled the number of visas available for

for high net worth individuals, for entrepreneurs and for academics in some of the growth sectors to build teams in the UK.

And we've no doubt that people will apply for those visas and we will fill those places.

So the UK remains an attractive place in part because we are securing

investment from the world.

We're reforming our capital markets to make it easier for businesses to raise finance in London and we're reforming our regulatory and planning systems to make it easier to get things done in the UK.

Well, it is important to make sure that all budgets, including the welfare budget, are well managed.

And we do need to see reform of our welfare system.

And we'll continue to make the case with that reform.

We've already brought in some changes to

something called the Universal Credit System to reduce the incentives to get the health-related element of that.

And just a couple of weeks ago, I announced a youth guarantee to help young people not in education, employment and training get back into work.

Like many countries around the world, particularly since the pandemic, we have experienced challenges in terms of youth unemployment and youth inactivity.

and we're determined to turn that around with particular programs targeted at those young people.

Well, the Office of Budget Responsibility, like other forecasters, use the past productivity performance to forecast the future.

And it is true that under the previous government over the last 14 years, both growth and productivity were underwhelming.

and the Office of Budget Responsibility will update their predictions for the future based on the past.

And it's my job as Chancellor to try and beat those expectations and that's why we're pursuing policies on trade, investment, on planning, on permitting, on regulation and capital market reform.