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Chancellor Rachel Reeves will promise to start the British economy in a big speech on Wednesday, as she tries to convince financial markets and managing directors that the government has undertaken to grow.
Reeves will signal that she is ready to run a “fight” with opponents – including environmentalists – who stand in the way of the government’s planning reforms.
The Chancellor is under the pressure to calm companies and investors after a tax budget in October, a large package of employment reforms and a recent increase in the gilded returns.
Reeves will confirm that the government revives plans for an “Oxford-Cambridge growth corridor” as part of a broader advance to liberalize the planning regime and the construction of more houses.
The Chancellor will also highlight the progress in a new “industrial strategy” and signal their support for the expansion of the airport in the London area.
It will also confirm the plans to relax the rules for the publication of some of 160 billion GBP surpluses in defined performance pension systems.
“We have accepted low expectations for too long and accepted stagnation,” she will say. “Low growth is not our fate. But growth will not come without a fight. “
The Oxford-Cambridge-Bogen would include new transport connections and apartments between the two leading university cities of Great Britain. It was set up for three yearsO of the then conservative prime minister Boris Johnson.
Reeves will highlight plans for a new development of 4,500 houses around Cambridge and praise the proposal of Cambridge University to build an innovation center.
In the past few months, the Chancellor has intensified her growth-strong rhetoric and instructed in Whitehall departments and supervisory authorities to prioritize guidelines that offer economic advantages.
On Tuesday, Starer promised to have “hard growth in the cabinet” during a meeting with Reeves and leaders in the City of London “Waiting in all decisions in the cabinet”.
The Downing Street confirmed a change in the Whitehall “Write Round” process, according to which cabinet members are consulted, which means that the ministers have to explain new “growth instructions” of the new guidelines.
In March, the government will present a planning and infrastructure law to prevent demonstrators from using several judicial reviews and undermine the power of environmental quangos in order to delay large building programs.
The new legislation together with Reeves’ enthusiasm for a new third runway in HeathrowJitter prompted Jitter among some green groups.
Shaun Spiers, Executive Director of the Green Alliance, said that Reeves’ speech “a demolition ball” would bring the relationship between the government and the environmental movement.
“Far from building the partnership that is necessary to deliver the real program of economic and social renewal at the center of missions for clean power and growth, with a high carbon, but ultimately with a low decline,” he added.
The transport secretary Heidi Alexander is expected to approved expansions in a quasi-judicial process both at Luton and Gatwick airports before spring.
Heathrow is still waiting for clear political support before using his own application – possibly before the end of the year – to continue with the third runway.
The expansion of Heathrow was previously rejected by eight current cabinet members, including Prime Minister Sir Keir Starrer.
The secretary of climate change, Ed Miliband, is a long -time opponent of the program, but stated that he will not withdraw via the cabinet via the cabinet.
Several MEPs from Backbench Labor with the electoral circles West -London criticized the potential Heizhrow expansion in the House of Commons on Tuesday.
Andy Slaughter, a member of Hammersmith & Chiswick, said that there is “no chance that there will be spades in the ground in this parliament”.
The government must update its “national political statement of airports” because the current one, which was released in 2018, was created before the United Kingdom passed difficult climate goals such as Net Zero 2050.
A report published on Wednesday by the Good Growth Foundation, a new think tank by Praful Nagund, a former work candidate for Islington North, will warn that the cancellation of GDP will not be sufficient to make voters happy.
“The cost of living is the main focus of the voters. . . Success looks like you end the crisis and increase an available income, ”says the report. “The public has to see how the economy grows in a way that benefits them.”
