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Rachel Reeves has set out a series of major announcements on infrastructure projects, including backing plans for a third runway at Heathrow Airport. She promised to go "further and faster" than previous governments after years of sluggish growth in the UK.
Chancellor Rachel Reeves stands accused of playing "fast and loose" with the nation's pension pots as she scrambles for ways to boost growth.
Good morning. Rachel Reeves delivered her big speech on growth. It contained a number of measures: some good (the Oxford/Cambridge arc tops that list), some bad (the third runway at Heathrow) and some added to give the list of growth initiatives the appearance of a more even regional distribution (the regeneration of Old Trafford).
Rachel Reeves sends message to Sadiq Khan as London mayor opposes Heathrow expansionSource: BBC Radio 4
Rachel Reeves has told London Mayor Sadiq Khan she is certain to defeat his bid to sabotage her Heathrow expansion scheme. Asked if Mr Khan was able to stop to her third runway plan, the Chancellor replied: ‘No.’ The capital’s Labour mayor could mount a legal challenge, she said, but he would not prevail in the end.
Heathrow Airport’s third runway can be built in the next decade, Rachel Reeves has said, as she aims to boost growth amid the UK’s gloomy economic outlook. The Chancellor said she wanted to see the expansion completed by 2035,
Speaking on Time Radio, Rachel Reeves said without the National Insurance hike, the government could have lost control of the UK economy.
Labour’s airport plan admits economic growth trumps carbon piety.
The host, 68, brutally tore into the Chancellor, 45, as he quizzed her about why she had lied about the length of time she had worked at the Bank of England.
Labour’s ambitions for a more pro-growth, pro-business agenda mark a positive shift, at least in tone. But actual, visible, tangible growth depends on execution. This in turn depends on private sector money, overcoming bureaucratic hurdles, and cutting the Brexit red-tape that continues to hamper trade with the EU.