Category: Rachel Reeves

Labour Backtracks on £28 Billion Green Investment Pledge

June 9, 2023
Business & MarketseconomyenergyKeir Starmernet zeroRachel ReevesUKWorld
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Labour has watered down its multi-billion-pound “green prosperity plan,” saying it will prioritise “financial stability” if it wins the next general election. The opposition party had promised in 2021 to invest £28 billion a year until 2030 in green projects if it came to power. The plan, billed as the party’s answer to U.S. President…

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Hunt Offers ‘Crowd-Pleaser’ Free Childcare in Run-Up to General Election

March 15, 2023
British General ElectionBusiness & Marketschildcareeconomic policieseconomyJeremy Huntpersonal financeRachel ReevesUKWorld
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Chancellor of the Exchequer Jeremy Hunt has extended subsidised childcare to children as young as 9 months old in what has been described by one economic expert as a “crowd-pleaser” in the run-up to the next general election. In a move which had been widely trailed in the media, Hunt announced in Wednesday’s Budget 30 hours a…

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Labour Wants Closer UK-EU Trading Ties, Shadow Chancellor Says

March 3, 2023
antisemitismLabourRachel ReevesUKWorld
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The Labour Party wants the UK to have closer trading ties with the EU, but not to rejoin the European single markets or custom union, according to shadow chancellor Rachel Reeves. In an attempt to boost Labour’s Brexit credentials on Thursday, Reeves said the party wants to “get improvements” on the Brexit deal if it gets…

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Labour Promises to Scrap UK Business Rates in ‘Biggest Overhaul in a Generation’

September 27, 2021
Labour PartyRachel ReevestaxUKWorld
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The Labour Party will promise to scrap business rates as part of a dramatic overhaul of the taxes paid by firms. Shadow chancellor Rachel Reeves is set to announce that a Labour government would immediately cut the business tax, before eventually phasing it out completely. But she will also commit to closing loopholes that allow…

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