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“I will take the hard decisions to create growth” – The NEN – North Edinburgh News

Rachel Reeves: “No Time to Waste”

  • Chancellor Rachel Reeves will promise to “fix the foundations of Britain’s economy” to make every part of Britain better.
  • In his first major speech, the chancellor will declare that economic growth is “a national mission” and promise to take the tough decisions to fulfill the government’s mandate.
  • She is expected to announce swift changes to unblock infrastructure and private investment.

The government will make the hard decisions to deliver growth, Rachel Reeves will say in her first speech as chancellor today.

Business leaders from some of Britain’s most cutting-edge industries – including its financial services and green industries – are expected to attend in central London to hear Reeves pledge to “fix the foundations of our economy so we can rebuild Britain and make every part of our country better off .”

Rachel Reeves will say there is “no time to waste” in bringing about change, vowing to reverse “the legacy of fourteen years of chaos and financial irresponsibility”.

The chancellor is expected to say: Last week the British people voted for change. And in the last 72 hours, I have begun the work necessary to fulfill that mandate.

“Our manifesto was clear: ‘Sustainable economic growth is the only way to improve the prosperity of our country and the living standards of working people.’

“Where governments have been reluctant to take the hard decisions to deliver growth – or have waited too long to act – I will deliver.

“It is now a national mission. There is no time to waste.

“This morning I want to outline the first steps this new government has taken to fix the foundations of our economy, so we can rebuild Britain and make every part of our country better.

“We are facing the legacy of fourteen years of chaos and economic irresponsibility.

“New financial analysis I requested over the weekend revealed the opportunities lost from this failure.

“Had the UK economy grown at the average rate of OECD economies since 2010, it would have been over £140bn bigger.

“This could have brought in an extra £58 billion in tax revenue last year alone to sustain our public services.

“It falls to this new government to fix the basics.”

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