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Monday, July 15, 2024

UK’s Finance Chief outlines her priorities to Fix the Economy

UK’s New Finance Minister highlights her priorities to Fix the Economy

UK’s new Chancellor of the Exchequer, Rachel Reeves announced measures to boost the UK’s economic growth and address housing shortages. Appointed by Prime Minister Keir Starmer, Reeves plans to reform the national planning policy framework, including reinstating mandatory housing targets and lifting the ban on new onshore wind farms. She also directed an assessment of British spending inherited from the previous administration. Emphasizing the need for immediate action, Reeves highlighted house building as a key priority to improve the real estate market and stimulate the economy.

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