Rachel Reeves: Live updates and stream on housing and growth key figures

Chancellor Rachel Reeves is expected to confirm the new Labor government will bring back housebuilding targets this morning in her first speech since taking office at the Treasury.

You can watch Reeve’s speech from around 10.30am via a live stream we’re adding below, and we’ll be updating this page with her comments in real time – refresh for the latest updates.

Reeves will say there is “no time to waste” in Labour’s mission to boost economic growth – one of the cornerstones of the party’s general election manifesto.

The Telegraph has reported that the reintroduction of mandatory housing targets will be announced in her speech, with a promise to take “tough decisions” in Labour’s growth drive.

The 2024 manifesto included promises to build 1.5 million homes during the next parliament, prioritizing land and low-quality “grey belt” in the green belt.

Reeves is expected to say: “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.”

She is expected to add that new financial analysis shows that the UK economy would have been £140bn bigger if it had grown at the average rate of OECD economies since 2010.

A fierce political struggle

Labour’s big house building could prove popular nationally but controversial locally.

Political Editor for WITH George Parker told the BBC: “Planning is one of the big levers you can pull early on to try to free things up and get Britain building again, as the slogan goes.

“However, the interesting thing is that you come across a host of MPs who have just been elected, often representing seats that used to be represented by Conservative MPs, which can suddenly be built upon.

“And that’s where the rubber hits the road, and that’s why you have to move quickly, why you still have the good will and why you still have the political mandate.”

Reeve’s speech is expected to be broadcast from 10.30am.

Read more about how the evening developed:

Liz Truss loses South West Norfolk: beaten by a salad, beaten by Labour

Scotland results: Labor makes big gains as SNP is wiped out

Wales results: Labor bags 27 of 32 seats which the Tories wiped off the map

Red wall: Wins at Stoke, Grimsby, Redcar, Workington, Hartlepool, Barrow, Bishop Auckland, Darlington, Bolsover

Jacob Rees-Mogg: Senior Tory loses seat as Labor mayor Dan Norris wins

Gaza: Jon Ashworth loses at Leicester as independents win Blackburn and Batley

Islington North: Jeremy Corbyn clings to a strong result over Labour

Nuneaton, Stevenage, Swindon, Worcester: Labor wins by important margins

Read more about what could come next for Labor in power:

100 days: What happens in the first 100 days of a Labor government?

Delivering on promises: “Change is hard – how can Labor achieve it?”

Manifesto: ‘12 Amazing Policies You May Never Heard About”

Foreign affairs: “Whatever Happens to Biden, Starmer Faces an American Challenge”

Trilemma: The IFS warns Starmer will likely have to choose cuts, debt or tax increases

Read more about how Labor fought this campaign on key battlegrounds:

Bolsover candidate Natalie Fleet. Ed Godden photography

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