Asked in a quickfire newspaper quiz to choose between “bats or newts,” two creatures whose habitats are currently protected by the UK’s environmental laws, Chancellor of the Exchequer Rachel Reeves snapped back, “Neither, because I want growth.”
For years the biggest enemy in the economic life of the UK was short-termism — a term hurled around like a rude word, often prefixed with “chronic” for good measure. But this morning as I listened to the chancellor speak from a Siemens factory in Oxfordshire,
Rachel Reeves will pledge to go “further and faster” to boost the UK economy by unblocking new infrastructure projects, as she seeks to lure investors and win back business support after a rocky start to her tenure as Chancellor of the Exchequer.
Chancellor of the Exchequer Rachel Reeves made the case for expanding Heathrow in the strongest hint yet that she’s preparing to green-light a controversial third runway at London’s busiest airport in a decision that’s divided the government.
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Rachel Reeves reached far and wide as she sought to revive the UK’s flagging economy with wind turbines, roads, airports, railways, trade deals, and proposed reforms to pensions, planning and the welfare system.
Chancellor of the Exchequer Rachel Reeves joked about Elon Musk’s online “trolling” of world leaders, in a break from the UK government’s careful efforts to avoid responding to frequent criticism from the close Trump ally.
Chancellor of the Exchequer Rachel Reeves said she wants construction work to begin on a third runway at Heathrow Airport before the next election is due in 2029, a day after giving the green light to a controversial project that’s divided her governing Labour Party.
Chancellor of the Exchequer Rachel Reeves will urge Labour members of parliament to support her push to unlock a series of infrastructure projects designed to spur economic growth in Britain. Most Read from BloombergWhat Happened to Hanging Out on the Street?
The decision, made just weeks into the new Labour Government’s term, was an early indication of the administration’s ambitions for airports. Rachel Reeves, the Chancellor, this week put airport expansion at the heart of her plans to kickstart growth in the economy, backing a third runway at Heathrow and extra capacity for Gatwick and Luton.
US stocks rose on Thursday, with the Nasdaq (^IXIC) and S&P 500 (^GSPC) eyeing a comeback as investors digested news that the US economy expanded slower than economists had expected in the last three months of the year.