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.
British finance minister Rachel Reeves spelled out her plans to revive the country's slow-moving economy on Wednesday, adding to recent pledges to reform investment and planning rules with a commitment to back airport expansion at Heathrow.
Rachel Reeves grilled on past opposition to airport expansion over environmental concernsSource: BBC Breakfast
After six months of talking down the economy and warning of tough times ahead, the UK chancellor Rachel Reeves has changed her tune. She is now much more optimistic about Britain’s economic prospects and has announced a raft of measures including major pension reforms designed to unlock cash to boost growth and productivity.
There are fears Rachel Reeves will change the rules that allow people to give away some of their wealth seven years before death
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Chancellor’s optimistic economic growth vision hit in the short term as Tesco and Lloyds announce hundreds of job losses and she admits fixing the economy is ‘not an easy job’
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,
Rachel Reeves has told London Mayor Sadiq Khan she is certain to defeat his bid to sabotage her Heathrow expansion scheme. Asked if Mr Khan was able to stop to her third runway plan, the Chancellor replied: ‘No.’ The capital’s Labour mayor could mount a legal challenge, she said, but he would not prevail in the end.
Rachel Reeves has vowed to support an expansion to Leeds Bradford Airport (LBA) pending further planning details.
Zarah Sultana, Labour MP for Coventry South, opposes the Heathrow Airport expansion plans and claims the Prime Minister has U-turned on his initial stance.