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Home Economy

Economy Minister: UK must return to ‘construction’ – News

Ursula Curtis by Ursula Curtis
August 8, 2024
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Economy Minister: UK must return to ‘construction’ – News
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Britain’s new Economy Minister Rachel Reeves said on Monday (8) that there is “no time to waste” to boost economic growth and that the country needs to accelerate infrastructure construction, especially in wind energy and housing.

In a speech to business leaders in London, in which he detailed the “first steps taken by the new Labour government to lay the foundations of our economy,” he stressed that “we must ensure that we rebuild (the country) again.”

“From today we will end the ridiculous ban on onshore wind power in England,” he declared, referring to what Labour saw as a virtual blockade because local opposition could stop projects.

“We will consult to reintegrate onshore wind into the nationally significant infrastructure system, which means decisions (on this issue) will be made at a national rather than local level,” Reeves added.

The Labour government promised, in a press release, to “double onshore wind power by 2030”.

The minister also referred to Labour’s promise to build 1.5 million homes.

The Minister of Economy denounced that “the country today faces the legacy of fourteen years of chaos and economic irresponsibility” under conservative governments.

Britain’s public finances have been hit in recent years by Brexit, the pandemic, high inflation and the resulting purchasing power crisis.

Although the economy appears to be recovering in recent months, public finances remain fragile.

mhc-ode/psr/zm/aa

© AFP

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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