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Chancellor Rachel Reeves will promise to go “further and faster” to launch the British economy in a major speech on Wednesday, while trying to convince cases that the government is committed to stimulating growth.
Reeves will point out that she is ready to have a “fight” with adversaries – including environmentalists – who hinder government planning reforms.
The Chancellor is under pressure to reassure companies and investors after her tax budget in October, the government’s package of reforms and an increase in golden yields in the midst of fears concerning stagflation.
Reeves will confirm that the government relaunches plans of an “Oxford-Cambridge growth corridor” as part of a wider thrust to liberalize the planning regime and guarantee that more houses are built.
The Chancellor will also focus on progress on an industrial strategy and will point out her support for the expansion of the airport in the Grand London.
“For too long, we have accepted low expectations, accepted stagnation,” said Reeves in his speech. “Low growth is not our destiny. But growth will not occur without fighting. »»
In an article in Times, Sir Keir Starmer compared his government to Margaret Thatcher when he promised deregulation to stimulate growth.
The Prime Minister complained about a “regulatory marsh which effectively prohibits billions of pounds more of more investment in Britain”, adding that the government “will launch obstacles to construction, will eliminate weeds regulatory and will allow a new era of British growth to flower ”.
The British economy increased by 0.1% in November, following 0.1% contractions in October and September, according to official data.
The Arc d’Oxford-Cambridge would involve new transport links and housing between the two major university cities in Great Britain. He was put aside three years ago by the Prime Minister then conservative Boris Johnson.
Reeves will highlight the plans for a development of 4,500 houses around Cambridge and the University of Cambridge’s proposal to build an innovation center.
The Chancellor has intensified her pro-growth rhetoric in recent months, ordering the departments and regulators of Whitehall to prioritize policies that will offer economic advantages.
Tuesday, Starmer promised “the growth of the ricating in all the decisions of the cabinet” during a meeting with reeves and senior executives of the city of London.
Downing Street has confirmed a modification of the “round” process of Whitehall, as part of which the members of the cabinet are consulted on new policies, which means that ministers will have to define the “growth references” of new policies.
In March, the government will reveal a planning and infrastructure invoice to prevent demonstrators from using several judicial journals, and to erode the power of environmental quantities to delay major house construction plans.
The proposed legislation, as well as the enthusiasm of Reeves for a third track at Heathrow airport, caused nervousness among certain green groups.
Shaun Spires, executive director of the Green Alliance, said that Reeves’ speech seemed ready to “take a demolition bullet” to the relations between the government and the environmental movement.
“Far from building the necessary partnership to offer the real economic and social renewal program at the heart of clean power and growth missions, the government seems determined to fire an essential part of its political coalition looking for a risk series At high risk, high carbon, but ultimately, low-yield projects, “he added.
Transport Secretary Heidi Alexander should approve extensions to Luton and Gatwick airports before spring in an almost judicial process.
Heathrow still awaits clear political support before submitting his request – potentially before the end of the year – to proceed to the third track.
Heathrow expansion was previously opposed by eight current members of the cabinet, including Starmer himself.
Climate change secretary Ed Miliband is a long -standing opponent, but said that he would not resign from the cabinet.
But several Labor MEPs of the back-ban with the constituencies of western London criticized the potential expansion on Tuesday in the House of Commons.
A report published Wednesday by the Good Growth Foundation, a new reflection group led by Praful Nagund, a former Labor candidate for Islington North, will warn that the lifting of the GDP will not be enough to keep the voters happy.
“The cost of living is the main objective of voters. . . Success is like the end of the crisis and the increase in disposable income, ”said the report. “The public must see the economy grow in a way that benefits them.”
