Rachel Reeves has given a critical assessment of the UK’s finances, highlighting the challenges facing the new Labour government after their election victory.
The new chancellor emphasized that the economy she inherited from the Conservatives is severely depleted, leaving limited financial resources to address pressing issues.
Reeves acknowledged the need to rely on private-sector investment to fill the gaps, calling it crucial for a thriving economy.
Her approach contrasts with past economic strategies, including a notable reference to Labour’s previous financial woes under different leadership.
Despite recent economic growth, concerns remain about household finances amid high interest rates and inflation.
Reeves emphasized Labour’s focus on reforming the planning system to facilitate infrastructure development as part of their economic strategy.
Credit : BBC
https://www.bbc.com/news/articles/cldyeykzp33o