UK Economy: Chancellor Reeves Urges Faster and Further Action for Growth

UK Economy: Chancellor Reeves Urges Faster and Further Action for Growth


Chancellor says she’ll go ‘further and faster’ on growth plan


published at 13:35 Greenwich Mean⁢ Time










Faisal Islam
Economics ‍editor

Media ⁣caption,

Rachel Reeves: Need to go ‌further and faster to kickstart growth

The key line⁢ was the chancellor ‌said the ​government will go “further and faster” on its growth plan.

She said market volatility was the “playing out” of ⁢”global economic uncertainty”.

Reeves was defending both ‍her ⁣trade visit ‍to China and her Budget.

She restated her commitment ​to her self-imposed fiscal rules, which could lead to the need for extra cuts in forecast​ spending within the next few weeks.

But the chancellor seemed aware that she needed to‌ convey ‍a more⁢ detailed and convincing plan for⁣ growth, and with more ‍urgency.

This will now be⁣ a key priority ⁢next week at the World Economic ⁤Forum in Davos, and there will be a speech on growth, ahead of the new forecast by the‌ Office for Budget Obligation in March. The markets will be looking for detail, on​ infrastructure, trade and⁤ industry.

Mel Stride appeared​ via an elaborate Shakespeare analogy to vaguely⁣ call for the ‌chancellor to‍ consider her​ position.

“To go or‌ not to go, that is‌ a question,” he said. she does not appear to be going anywhere.

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