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.
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?
US stocks rose on Thursday, with the Nasdaq (^IXIC) and S&P 500 (^GSPC) eyeing a comeback as investors digested news that the US economy expanded slower than economists had expected in the last three months of the year.
UK Chancellor Rachel Reeves "knows the third runway in Heathrow won't be delivered until about 2040, possibly even 2050, if at all," says Ryanair CEO Michael O'Leary. "This is a dead cat she's throwing up on the table to mask the fact that she has no growth plan,