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UK economy

  • Planes and trains are great, but Reeves must fix financial infrastructure too

    January 30, 2025

    New rail projects and reservoirs are welcome, but if Rachel Reeves really wants Britain to be a better place to do business, she must modernise the City too, says Chris Elms In her speech yesterday , the Chancellor Rachel Reeves spoke of her plans to better link the high-productivity areas of Oxford and Cambridge and [...]

  • Andrew Bailey: ‘No trade-off’ between financial stability and growth

    January 29, 2025

    Andrew Bailey, Governor of the Bank of England, was giving evidence in the Treasury Select Committee.

  • Fine words from Reeves – now let’s get Britain building

    January 29, 2025

    Rachel Reeves is right to make reforming our sclerotic planning system the centrepiece of her economic strategy. But if she’s going to succeed she must consign the bat tunnels and fish discos that too often block development to the dustbin of history, says Sam Richards In 2014 winter sports fans were getting ready for the [...]

  • ‘Not a second to waste’: Canada calls for action to back up Reeves plans

    January 29, 2025

    Canada has warned the government there “isn’t a second to waste” in pushing through its growth plans today after the Chancellor Rachel Reeves set out proposals designed to kickstart investment into the economy. In a speech in Oxfordshire, Reeves looked to reset the government’s economic agenda in a speech which committed to [...]

  • Chancellor’s growth plans will create a ‘dynamic economy’ – if they materialise

    January 29, 2025

    The Chancellor's plans to kickstart economic growth will help to create a more "dynamic economy", experts said - if they become a reality.

  • Chancellor Rachel Reeves ‘won’t apologise’ for reforming UK regulation 

    January 29, 2025

    Rachel Reeves has said that she “won’t apologise for wanting to reform how regulation works in Britain” after a major economic speech which saw her back a third runway at Heathrow. The Chancellor unveiled a suite of policies the Treasury said would “kickstart” economic growth, including an “action plan” intended to instil a pro-growth approach [...]

  • Heathrow: Sadiq Khan ‘remains opposed’ to third runway

    January 29, 2025

    Sadiq Khan has confirmed he “remains opposed” to a third runway at Heathrow Airport, putting him on a collision course with Chancellor Rachel Reeves. The mayor of London responded to Reeves’ announcement of the government’s backing for the UK’s only hub airport to expand its facilities during her economic speech on Wednesday. Khan said: “I [...]

  • ‘Deregulation is essential’: Starmer vows to slash red tape in bid for growth

    January 29, 2025

    Keir Starmer vowed to deregulate Britain and cut through “thickets of red tape” today as he tried to reboot his government’s handling of the economy following months of anaemic growth and criticism from business. In an article for the Times, the Prime Minister wrote “deregulation is essential” and warned investors were shunning the UK due [...]

  • Rachel Reeves to unveil £65m investment in EV charging firm

    January 29, 2025

    Chancellor Rachel Reeves will unveil a £65m investment into an electric car charging company as part of a much-anticipated growth speech on Wednesday. Morning Wire understands the new National Wealth Fund (NWF) will take an equity stake in Connected Kerb alongside Aviva Investors, the global asset management branch of Aviva Group. The NWF will commit [...]

  • Cornwall hopes for tin mining revival as metals firm lands £56m injection

    January 29, 2025

    After the belts whirred to a halt and workers left Cornwall’s last operating tin mine for a final time in March 1998, a question was painted on its outer wall: “Cornish lads are fishermen and Cornish lads are miners too. But when the fish and tin are gone, what are the Cornish boys to do?” [...]

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