UK Finance Minister Rachel Reeves vows to “fix the foundations” of the British Economy. This empowerment will be fuelled by onshore wind power and house building, after her Labour Party won power..
Reeves made her first significant address as the UK’s first female chancellor in the wake of Prime Minister Keir Starmer’s appointment, during which she declared that there was “no time to waste” on undoing “the legacy of fourteen years of chaos and economic irresponsibility” during the Conservative administration.
“New Treasury analysis I requested over the weekend exposed the opportunities lost” under the Conservatives, Reeves told business leaders in London. “That means immediately removing the de facto ban on onshore wind in England, in place since 2015,” the government said in a separate statement Monday.
Reeves said the reform of planning rules would hasten infrastructure building across sectors, helping it to also construct 1.5 million “affordable” homes in partnership with the private sector.