As UK economics editor, my life for the last week has felt a lot like surrealist movie Being John Malkovich — but with Rachel Reeves in the central role.
Rachel Reeves reached far and wide as she sought to revive the UK’s flagging economy with wind turbines, roads, airports, railways, trade deals, and proposed reforms to pensions, planning and the welfare system.
For years the biggest enemy in the economic life of the UK was short-termism — a term hurled around like a rude word, often prefixed with “chronic” for good measure. But this morning as I listened to the chancellor speak from a Siemens factory in Oxfordshire,
Martin Ivens is the editor of the Times Literary Supplement. Previously, he was editor of the Sunday Times of London and its chief political commentator.
We got the latest UK employment data this morning. With the usual caveats around its reliability, there are signs of the market slowing — unemployment rose from 4.3% to 4.4% — but wage growth remains strong. Both regular pay and pay with bonuses rose by 5.6% in the year to November, which means wages are rising well ahead of inflation.
Rachel Reeves will pledge to go “further and faster” to boost the UK economy by unblocking new infrastructure projects, as she seeks to lure investors and win back business support after a rocky start to her tenure as Chancellor of the Exchequer.
Soon after her UK budget on Oct. 30, as economic sentiment plummeted and businesses protested higher taxes, an under-pressure Rachel Reeves had one key message for Treasury officials: “We need to go further and faster on growth.
Chancellor of the Exchequer Rachel Reeves made the case for expanding Heathrow in the strongest hint yet that she’s preparing to green-light a controversial third runway at London’s busiest airport in a decision that’s divided the government.
Chancellor of the Exchequer Rachel Reeves said she wants construction work to begin on a third runway at Heathrow Airport before the next election is due in 2029, a day after giving the green light to a controversial project that’s divided her governing Labour Party.
The UK government’s new idea to boost growth is in fact an old favorite: business-friendly deregulation. The appeal, for a cash-strapped Labour administration that’s already ramped up taxes, is that it’s free.
Chancellor of the Exchequer Rachel Reeves will urge Labour members of parliament to support her push to unlock a series of infrastructure projects designed to spur economic growth in Britain. Most Read from BloombergWhat Happened to Hanging Out on the Street?
UK money manager Nick Train said he was “running out of ways to say sorry” for the continued underperformance of Finsbury Growth & Income Trust, one of the funds he manages.