UK Finance Minister Rachel Reeves vows to power the economy

Image Source: Rachel Reeves/LinkedIn
WT default author logo
Women's Tabloid News Desk
Picture of Women's Tabloid News Desk
Women's Tabloid News Desk

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.

Share:

Related Insights

EBRD provides €50 million loan to support women-led businesses in Türkiye

DBN launches new financing initiative to support women entrepreneurs

Bank of Industry and MTN Foundation launch N1 billion fund for female entrepreneurs

Government launches new measures to increase female participation in tech sector

Clara Swinson named as Second Permanent Secretary for Ministry of Justice

Ecobank lending to women-led firms surges by 194 per cent

Amazon plans $12 billion investment in first data centre campuses in Louisiana

Women’s Rugby World Cup 2025 reports announce lasting impact and commercial success