Rachel Reeves to unveil ‘Thatcher-style’ growth agenda as businesses demand swift action

Rachel Reeves to unveil ‘Thatcher-style’ growth agenda as businesses demand swift action

Rachel Reeves is scheduled to announce an ambitious package of measures aimed at starting the British economy, as it sets the campaign of its government’s growth alongside the Margaret Thatcher approach in the eighties of the last century.

In her speech on Wednesday, the chancellor will weigh behind a series of prominent infrastructure and development projects, including expansion at Heathrow Airport, the establishment of the “European Silicon Valley” between Oxford and Cambridge, and the renewal of Manchester United Old Trafford.

However, critics have expressed doubts about the sudden shift of the government towards the policies supporting growth, claiming that a set of tax increases and organizational changes have already undermined work confidence. They highlight the tax plans for the wide budget of the advisor and the new workers’ rights frame, as well as strict environmental regulations. Some industry leaders accuse the ministers of taking seven months to respond to the deterioration of economic conditions – in contrast, and point out how Donald Trump launched a major economic motivation package within days of taking office in the United States.

The new Reeves Plan includes a link to the railway from the east and west between Oxford and Milton Keynes, and the improvements on the road that connects this road to Cambridge, and the development of new cities along the Oxford-Gamperbridge Pass-a region it says can generate 78 pounds a billion of the economy by 2035 . Instead, REEVES focuses on connecting travel connections faster and housing at reasonable prices in one of the most innovative areas in the country.

Besides infrastructure promotions, Reeves is expected to support a third listed in Heathrow and expand other major airports such as GATWICK and LUTON. While any construction will take years to complete it, it represents a remarkable change in a tone, as the leader of the Labor Party, Kiir Starmer, was martyred by canceling the city of the city as a model for the “Miga of the Organization” that his government plans to reform. It frames this campaign as decisive to lock billions of pounds from private investment, and reject the suggestions that growth and green policies are incompatible.

However, the new rhetoric supporting growth arrives with the ministers continuing in the measures that many companies argue with expansion of suffocation. Despite the introduction of a “growth test” to liquidate policies that are harmful to the economy, some planned initiatives – such as increasing national insurance worth 25 billion pounds and a ban on exploration of the new oil and gas – applied. Critics have seized these clear contradictions, wondering how the government can demand the support of expansion while imposing higher costs on employers.

Entrepreneurs in the private sector also complain of mixed signals. For example, the founder of sportswear Tom Behan describes the business climate as “very difficult”, saying that the current administration was slow to provide clarity and leadership. It indicates that while the United States revealed a wide financing package for the relationship of artificial intelligence within days of the new presidency, the UK government took more than half a year to propose new growth measures.

Despite these criticisms, Reeves presses its reforms, while emphasizing that falsifying a stable and dynamic economy requires a decisive action, including “difficult differentials” between growth, environmental obligations and workers’ rights. Business groups are still enthusiastic about tangible follow -up and fast timetable, warning that Britain’s competitive advantage may erode if momentum kiosks again.


Paul Jones

Harvard graduates and former New York Times. Business editor for more than 15 years, the largest commercial magazine at the University of California. I am also the head of the car department at Capital Business Media, which works for customers such as Red Bull Racing, Honda, Aston Martin and Infiniti.

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