Rachel Reeves, a UK top finance person, supports the addition of the third runway at Heathrow Airport after her first budget has taken the trust of her business on Wednesday. We have decided to revive the listed economy.
Reeves said that the additional runway was “needed” to increase trade and investment. Discussions on whether to expand the airport, one of the largest infrastructure projects in Europe, has been operated for over 20 years. “As our only hub airport, Heathrow is in a unique position and we can no longer cover the decision,” she said.
In recent weeks, Reves has ratchet efforts to promote the growth of the British economy, giving many presentations, emphasizing optimism in the national outlook.
“Low growth is not our fate,” she said on Wednesday. “But if there is no battle, it will not grow.”
It is a remarkable change in the pace and tone since Reeves became the prime minister of Exires last summer and warned about the miserable state of the economy. At that time, she introduced measures such as planning system reforms and planning for the National Asset Fund, but these changes take a long time to bear fruit.
Currently, as companies and investors questioned her budget, and whether the world economy is promptly reconciled over President Trump's plan, the emphasis is on behavior with more immediate rewards. Masu.
“I will start to grow further faster,” said Reeves, which rattled various reforms, private investment, and pledges to increase housing and other infrastructure projects.
Leves also stated that the government is also promoting a plan to develop a transport link between Oxford and Cambridge, two major universities, about 66 miles away. It will continue to be announced to make it easier to build a house near the commuter train station and the environmental group to block the infrastructure project in court.
The Prime Minister Reeves and Keal Starmar vowed to revise the British economy when he joined the government, but their plans have a challenging start. Leves's most memorable aspect of the first budget is an increase in taxes of £ 400 billion ($ 50 billion), and most of them can be obtained from paying high taxes to workers. It caused a concern about reducing jobs.
The defeat in the World Bond Market earlier this month, especially the United Kingdom, in which investors listened to low -growth and stubborn inflation in the country. The surge in borrowing costs was threatened to overturn Reves' financial plan.
Reeves is also trying to adapt to the rapidly changing global economic environment as Trump returns to the White House. Companies and members around the world are preparing for companies and members of the world for higher tariffs, reducing regulations, and more incentives.
“If the United States implements what President Trump is talking about, there will be a tendency to deregulation in many competitors, including the UK,” said the asset manager Amundi's global macro economics. One muff mood Pradan states.
Reeves and other ministers have pursued the action of “turbo charging” growth and investment.
Leves's first trip this year promoted investment in China and resumed high -level economic talks after six years of breaks.
In order to stimulate the growth of the UK, members of the Diet needed to “demolish a barrier that hinders business.” As a result, the regulatory authorities have waited for the Trump administration to do what they do and delayed the introduction of some bank rules for one year. In addition, the chairman of the British anti -trading regulation and the chairman of the market has recently been replaced.
Investors were suffering from anti -trade authorities, so the change in leadership was a “encouraging sign.”
“But it's difficult to leave the basics,” he said. “People are a little frustrated.”
There are several bright spots in the British economy. This year's increase in public expenditures is set to promote growth. Many analysts predict that the banks will lower interest rates rather than suggesting the financial markets, alleviating their mortgage owners and companies. According to PWC's survey, the United States is the second most attractive investment destination after the United States.
However, there is concern that growth is not enough to reduce the debt level and avoid further reductions or higher tax government decisions.
“Analysts and the market completely understand that growth takes time,” said Amundi's Pradan. However, the government has set up a fiscal policy based on tax revenue that requires a certain amount of growth, and if its growth is not realized, “you have a budget problem.”
