Double-bubble: Rachel Reeves' regurgitating of Boris Johnson ’s old manifesto, sorry I mean Rachel Reeves' unveiling of Labour’s pioneering new plan for growth, then Keir Starmer at Prime Minister's Questions.
In the words of the ever-quotable Winston Churchill, “for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle”. Lower tax economies can be more dynamic,
A major speech Wednesday promises a host of pro-growth policies to turn the UK economy around. But the hurdles in the chancellor’s way are huge.
Jonathan Reynolds, Labour’s business secretary, told the Financial Times, “We have to respond to the agenda the US president has just set out with our own dynamism… Every country has to do it.”
Chancellor warns MPs not to ‘put their own interests above those of the country’ as she aims to kick-start the economy
The Chancellor has faced questions about her plans since the start of the year, amid stuttering growth figures and rising borrowing costs
Rachel Reeves would be “foolish” to put growth before net zero and approve expansion at Britain’s major airports, a major Labour donor has warned. Dale Vince, the eco-tycoon who has given £5m to the party, said it would be a mistake for the Chancellor to back a third runway at Heathrow and similar extensions at Gatwick and Luton.
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.
Zarah Sultana, Labour MP for Coventry South, opposes the Heathrow Airport expansion plans and claims the Prime Minister has U-turned on his initial stance.
There are huge clues that Keir Starmer could unwittingly force his party into a situation in which they have to beg Britain to be allowed to stay in power.
John Prescott's Hull funeral draws Labour veterans as Reeves vows Heathrow third runway within decade: Latest - Green campaigners warn of ‘costly mistake’ on airport expansion that will take decades a