Five key announcements revealing what Rachel Reeves' growth plans mean for you
Five key announcements revealing what Rachel Reeves' growth plans mean for you
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Rachel Reeves has announced several major new projects today. Rachel Reeves has delivered a wide-ranging speech detailing Labour’s plans to promote new developments across the UK. Pledging projects which aim regenerate areas from north to south, the chancellor aimed to promote a central message of economic growth.
![[Chancellor Rachel Reeves has confirmed support for the expansion of Heathrow airport (Steve Parsons/PA)]](https://static.independent.co.uk/2025/01/29/11/5fb3df4fb02943017052a5835a2fb8f2Y29udGVudHNlYXJjaGFwaSwxNzM4MjMxNzIx-2.8618958.jpg)
Much of her speech focused on plans to invest in new infrastructure projects, which range from airport expansion, to train lines, and a football stadium. Central to the government’s plans are new developments in the area between Oxford and Cambridge, aiming to boost business investment in the area.
![[The Government has announced support for the project to regenerate the area around Manchester United’s Old Trafford home (Martin Rickett/PA)]](https://static.independent.co.uk/2025/01/26/10/d362cf2a4cd10661f72564238738e3baY29udGVudHNlYXJjaGFwaSwxNzM3OTcxNjA1-2.77641245.jpg)
As expected, the chancellor also took aim at regulation, which she says holds back business investment in the UK. She added that more details on plans to tackle this will come in March. Speaking in Oxfordshire, the chancellor said: “Low growth is not our destiny, but that economic growth will not come without a fight, without a government that is on the side of working people - willing to take the right decisions now to change our country’s course for the better.”.
Here’s what the plans could mean for you:. Heathrow airport in west London wants to build a third runway to raise capacity and boost resilience. “I can confirm today that this government supports a third runway at Heathrow and is inviting proposals to be be brought forward by the summer,” Reeves said.
