Growth will not come 'without fight' Chancellor to say as she announces plans to kickstart economy
Growth will not come 'without fight' Chancellor to say as she announces plans to kickstart economy
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Economic growth "will not come without a fight", the Chancellor will say as she announces plans designed to kickstart Britain's floundering economy. Rachel Reeves will use a speech in Oxfordshire on Wednesday to say the UK has been "held back" and accepted "stagnation".
Her speech is expected to include support for the controversial third runway at Heathrow - an issue which many Cabinet ministers and the Prime Minister have opposed in the past - and reiterate the Government's backing for the redevelopment of Manchester United's Old Trafford.
New reservoirs and a new train station with fast links to London are among the measures set to be announced by the Chancellor, alongside her expected backing for the expansion of Gatwick and Luton airports. She will claim a "Oxford-Cambridge growth corridor" has "the potential to be Europe's Silicon Valley" and offer "huge economic potential for our nation's growth prospects".
“Britain is a country of huge potential. A country of strong communities, with local businesses at their heart,” Ms Reeves is due to say. “We are the forefront of some of the most exciting developments in the world like artificial intelligence and life sciences. We have great companies based here delivering jobs and investment in Britain.
“And we have fundamental strengths – in our history, our language, and our legal system – to compete in a global economy. “But for too long, that potential has been held back. For too long, we have accepted low expectations, accepted stagnation and accepted the risk of decline. We can do so much better.
