In full: Rachel Reeves gives first speech as Chancellor

Rachel Reeves will reinstate compulsory house-building targets as part of an overhaul of Britain’s planning rules.
In her first major speech as Chancellor on Monday, she will confirm that Labour will overturn Michael Gove’s decision to water down planning targets.
The announcement will raise fears that Labour will push councils to build on green belt land to help it meet its promise of building 1.5 million new homes over the next five years.
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[@ukzandd]

I see the former chancellor forgot to leave a note.

[@pip1723]

No need we all know the Tories have left no money just debt open borders and trashed NHS .

[@harlyslamm2888]

remember when tories told us we had to be dependent on foreign energy AND we couldn't build more homes because of the fault of the boats! Tories working for their pockets, not the people of britain

[@MzeeMoja1]

​@@stephennelmes4557it's britain.

[@dangosypethau]

What a robotic speech! Thank goodness she woke up during the questions. 25,000 new homes per month promised here. She better get building.

[@coderider3022]

She normally like this. Give her time, could be a leader in 5 years.

[@kieranhudson4938]

@@dangosypethau 25000 a month? 😄😄😄😄

[@MB10-66]

With all these new houses being built they need to invest in the sewage systems 😷. I wonder who will get priority for these new homes?

[@user-wp9jj2qx7y]

...also schools, GP surgeries, public transport, health care, employment opportunities etc etc etc

[@zenco7936]

Probably young families and the vulnerable like it is now. And rightly so.

[@marcosamell96]

​@@zenco7936were they will get the money for it?

[@silversteel6312]

If this lot can’t get it right then politics and therefore society is done for. This moment in time really is that big🤞

[@hTyKn1]

yes I agree and I don't believe they will

[@willhemmings]

2029. One and a half million new houses. Imagine it. Acres of concrete and tarmac, clogged country roads, developments like tumours on the edges of medieval scale towns; smug nimbys who in anger had shouted, 'NOT HERE!', planning officers who, in desperation, were forced to stick the houses in the least pleasant places, making deprived places worse; insurance claims elsewhere for flood damage because the surface water had nowhere to go; increased taxes to pay for everything. A landscape of bland £300,000 rabbit hutches, built with scant attention to local tradition and none to innovation, marching into the fields, while the farmers cheerfully took their paycheques to the bank. Welcome to ENGLAND

[@haseebur-rehman3218]

3,2,1 to armies of weeping NIMBYs 😂😂

[@peterrogers3085]

Unsold houses are stacking up in the market and developers are not going to risk building a huge amount of new homes in this environment, the government does not set interest rates or mortgage rates either, the market does, with a little bit of short duration guidance from the BOE, the 30 year UK gilt is ticking up nicely again and if Labour set one foot out of line they are going to see the beginnings of a new sovereign debt crisis, even if they don't step out of line the crisis is building in Japan and the US anyway so we will get sucked into the vortex, the only hope is to make changes along the lines that Reform suggested to make the state smaller and this can then lead to tax cuts, this can grow prosperity, this is not going to end well given the level of experience that Reeves has or Labour's previous track history with the UK's wealth management (Brown & Gold)

[@dellboy4375]

Got this funny feeling that we're all about to be mugged !

[@uncensored393]

we're all mugs already mate, at least now we'll be able to see where the money's going

[@earnestequivocation6250]

Happened in 2016, lightning.

[@flyagaric1607]

The migrants will be expecting a property when they get here.

[@pip1723]

5year's of a Labour government ....it tastes sweet.

[@MrLillywhite2011]

And are family Roman or Saxon?

[@box1007]

Moorish

[@user-wp9jj2qx7y]

They already do

[@DrAshaphim]

​@@MrLillywhite2011God 😂

[@bonnaud_dowell]

It's not easy and not really that important but RR needs to improve the way she reads the autocue

[@anthonywilson8998]

Planning reform is needed.we have built on 6% and 8% generally and in the. South. WE have 28 million homes and other developments on an averagof 7% of land. So to build 2.5 million houses will take 10% of 0.7% or 0.07% of land .Thus provided the locations are sensible the. Impact is not going to be over dominant. Will there be enough elec power for all these houses plus essential support services. and drainage and sewers.

[@box1007]

Hopefully do or we will have people taking planning matters into their own hands and building Shanty Towns which will be no go areas run by criminals as in South America and South Africa.

[@zenco7936]

Given Labour's plans for energy, yes. There probably will be.

[@seanehz]

Strong speech. Lets see if she delivers.

[@user-wp9jj2qx7y]

Strong speech when reading from the teleprompter, plenty of hesitation answering questions (which she knew were coming) so I question whether she actually wrote the speech.

[@rajeshruparelia1198]

No.money but just announced 3 billion a year to Ukraine.

[@r5u26d3]

The planning laws are there for a reason. Open green spaces are considered a good thing. A line drawn to prevent congestion. Now apparently they are anti social. She seems to saying that these laws have prevented new build. That may be true. So relax the laws . That may encourage the private sector to move in . The infrastructure secretary will see to the provision of sewage, schools, health They build the homes which get bought through mortgages . Then what happens? Many get bought through buy to let. But Labour don’t like the private rental market. We’ll see how they deal with the unintended consequences. Thatcher too had an issue with the planning laws. RR about to tread in Mrs T’s shoes.

[@2smoulder]

Strong words from the new Chancellor. Creating and developing growth, particularly new growth, is not easy and requires many structural levers to be in place before growth can begin. Depending on FDI and PE inward investment will come with rules that might not fit the new strategy. The UK will have to see how Labour performs because change is difficult and takes time and investment. I’m keeping an open mind for now.

[@user-cq2by2cu7p]

She fails to mention that the Labour party were 100% behind the Tories for at least the last 5 years. They provided no appreciable level of opposition, and in fact screamed for more expensive lockdowns ets.

[@MB10-66]

@@user-cq2by2cu7p blue globalist, red globalists…it really doesn’t matter, neither party are for the people.

[@pip1723]

Not sure about that .

[@DrAshaphim]

​@MADCHESTERUTD-f8f They're just not though are they, and Starmer mentioned housing loads of times at PMQs on weeks when it wasn't clear what he would even go in on

[@GreenZerg]

Why give away their policy ideas. The few that they did talk about the torys stole. Its clear they have a plan for a new way of doing things based on this speech alone,.

[@hughturner3058]

To say that the currect position being the worst since the second world war is being economical with the truth. Where's the IMF? Productivity in the UK has flatlined since 2007 as a result of the financial crisis and even more by Gordon Brown's profligacy followied by Brexit and Covd, and their combined impact have still not cleared though. Perhaps she might do well, and she's not wrong that things are tough, but she should not need to exagerate. Let's see what she manages to do without screwing up the economy like previous Labour Governments. Having lived through five of the seven Labour PMs, I await with baited breath!

[@aelfricoxhey1191]

National wealth fund🤣🤣🤣🤣🤣 Wealth funds are built from surplus, the £2.7 billion national debt needs to be cleared first. What's she going to do, borrow to create a wealth fund?🤯

[@r5u26d3]

Tax the wealthy then lend the proceeds back to them.

[@josephgunnett7715]

Think it's 2.7 Trillion debt.

[@rd123.]

She’s completely forgotten that there was no growth because inflation had to be controlled 🤦🏻‍♀️

[@kieranhudson4938]

If Labour turned around and said "I know we have the worst democratic mandate ever in our history but" I'd probably respect them more instead of pretending they have a big mandate.

[@DrAshaphim]

To be fair, she didn't say "big" mandate 😅

[@GreenZerg]

amazing level of cope here. the left voted is always split by the libdems, the snp, the greeds and the right vote is never split. One new party on the right turns up and all of a sudden FPTP doesnt give a real mandate. Give me a break

[@kieranhudson4938]

@@GreenZerg Yes, FPTP is increasingly not giving governments a proper mandate, time to stop defending it.

[@mrheavywater]

I bet her face was aching after that speech.

[@gesp5151]

French left party agenda- some food for thought it includes: • raising the minimum wage • price controls on essential foods, electricity, gas and petrol • lowering the retirement age to 60 • a new 90% tax on any annual income above €400,000 (£337,954) • heavy investment in green transition and public services

[@rd123.]

And then bankrupt the country 😂😂

[@gesp5151]

@@rd123. Technically not possible as a personal concept but putting that aside the Tories have driven us close to the financial edge

[@FranzBieberkopf]

Some of those polices (green transition) are great. 90% taxes mean that lots of those this tax will apply to will leave (UK, Canada amongst other destinations)

[@rd123.]

@@FranzBieberkopf They’ll be moving to Dubai and Singapore

[@user-nz3mv6yv6k]

The Iron Chancellor! LOL!

[@rd123.]

Blah blah blah. All I heard her say is “we will hire lots more planning officers”. But there are no investors and no builders

[@jimhardy1897]

houses are no good without schools and medical center's,,please make sure our people get the houses not the invaders..

[@hTyKn1]

Rayner has said migrants will be eligible for the houses

[@GreenZerg]

@@hTyKn1 Of course they should be. Just like anyone else.

[@zenco7936]

Young families and vulnerable get priority over refugees anyway. They always have. It's another reason why the UK spends so much putting them in hotels, because we can't house them, we can't house our own. And it's not the refugees coming here's fault, or the young families. It's putting landlords and profit before people and decency.

[@Bobmudu35UK]

Labour called for longer harder lockdowns during the pandemic,and called for the Chancellor to be more generous when throwing money at people and businesses. I hope she turns it round,but we must not forget Labour and the Lib Dems part in closing the economy down for two years.

[@richardyates7280]

It remains to be seen whether government-led programs can produce growth.

[@GreenZerg]

No it does not. Look at mainland Europe after the 2007 crash. We were alone in pursuing austerity

[@Teddy_Bass]

When it all goes wrong, they can then blame the conservatives. No consequences for Labour

[@Worldeaterosg]

This is LITERALLY what the tories were doing for 14 years😂😂

[@mrsswindon]

@@Worldeaterosg The same braindead idiots who have been wrong for a decade and a half, still havent realised that they have no idea how anything works.

[@hannahoosh]

@@Worldeaterosg apparently it's one rule for one eh 😂😂😂😂 "when it goes wrong". When. How negative 😊

[@geeky_gunner]

Believe it when I see it, same old same old.

[@r5u26d3]

Rachel has lost some of her twang. She sounds like someone who lived on the Beckenham /Catford borders. A mixture of RP and South London

[@matthewclifton2510]

Why so much red? Is it blood splatter?

[@user-wp9jj2qx7y]

Hugs all round at the end!

[@Gunship]

Maybe, just maybe, have a strong look at the houses being built and make it mandatory to have solar panels and other smart technology to ensure healthy and green living. What about 3D printed housing and more use of natural materials to lower the CO2 cost of the homes.

[@Ronariverah]

just?

[@seanehz]

We get 10 days of sunshine each year so solar panels will not actually benefit us most of the time but will make the rich richer and make housing more expensive.

[@user-bt8cz9nv4x]

Solar panels to be installed only in areas with more hours of sunshine! Insulation for all houses to reduce energy bills! The use of heat pumps in larger houses! Agriculture needs a complete update! The use of tidal energy and hydro turbines on rivers to supplement the energy reserves?

[@tandrichter]

​@@user-bt8cz9nv4x Splendid vision for a grand plan like this. I like it

[@Worldeaterosg]

@@seanehzthe sun rises every single day solar panels work best with direct sunlight, but still work during cloudy weather. Its UV they need not heat😂

[@fmyouthdev]

Who are they planning to invite to the country? Lots of houses...

[@MZig-rw7su]

Gdp per head would be 10% higher just by removing 5 million immigrants on welfare. Housing shortage removed. Wages increase. Crime drops... She knows it but won't do anything. Stinks.

[@tomburke198]

Or higher tax for billionaires

[@billwoolston6716]

@@tomburke198 the billionaires will move out

[@tomburke198]

@@billwoolston6716 that’s what we want

[@theaveragegamer1996]

​@@tomburke198then say goodbye to the economy for good. Moron

[@fireat40]

@@tomburke198 great. all we have left are poor sods

[@tortoise1953]

NATO including UK committed to subscribe to project UK annual contribution of USDXXXbillions.

[@hTyKn1]

if Trump gets in NATO will collapse and we will be in serious trouble. Behind the scenes the UK is preparing for war

[@professorplums722]

Her final speech will be, as always, ....." There is no money left". Every single time they get in.

[@lyudmilakutsenko7045]

Very Labourpartish appearance, as usual, some aestetic people may find it distressing, be careful.

[@lyudmilakutsenko7045]

When listening to this remember that they have higher posts than Nigel Farage for example, but as they sat so they sit, as they promised they still promise.

[@user-qc9nu3vc9o]

What mandate?

[@Ronariverah]

There was an election that brough Labout into government. Before the election they said what they planned. In the election despite tough competition. They managed to secure a majority in the currents voting system . The managed to secure an historic majority. When this happens they can basically do what they want. So this equal not just a mandate cause the won but a strong mandate .

[@carlabeaton3637]

@@Ronariverah TOUGH COMPETITION??

[@pip1723]

The mandate from the people landslide victory 👍.

[@richardyates7280]

​@Ronariverah A relatively small percentage of the vote on a low turnout against a split opposition is not a strong mandate. it's an anomaly of the system. Kier Starmer's speech implicitly recognised this. They have many people to win over

[@petegiant]

@@pip1723 Labour got more votes when Corbyn was the candidate.

[@magicanimalfish1029]

She comes across as fake / forced. Hope she's a better chancellor than she is a public speaker...

[@r5u26d3]

I hope she getting enough sleep because she spent the last 72 hours talking with relevant people. To be fair though she wants to focus on supply side issues. Like Mrs T. Capital formation, training and development of the workforce, the regulatory environment, encouraging enterprise, infrastructure; these are the issues she is focusing on, like Mrs T. RR the new Mrs T , with the Bromley trang

[@markwheatley7977]

No doubt the green belt and food production will be the loser. Growth through a rapidly increasing population is not an environmentally sensible strategy. No politician addresses the question what is a sustainable population for this small island.

[@box1007]

Will be around 200 million by 2050 which will be more than the largest country in the World Russia.

[@davidmorris9661]

Who's paying for all this,the tax payer obviously

[@hannahoosh]

@@davidmorris9661 the people who have more money... surprisingly.

[@hTyKn1]

yes the ones who go out to work

[@pip1723]

Who's paying the same one's who paid for all the tory waste and incompetence.

[@LadyLuck8_4]

Its called investment

[@GreenZerg]

Yes much better spent on expensive curtains for number 10 and a useless track and trace system. Brainrot

[@sue5730]

Goodbye our beautiful countryside 😢

[@pip1723]

Yeah I live in a village under a Tory council and government it was swallowed up by 1000 house's all green belt so it's not a Labour thing .

[@LadyLuck8_4]

Our countryside and it’s wildlife has been decimated by the previous government

[@sue5730]

Both Labour and Tories will destroy our lovely Country due to both allowing too many people in.

[@DrAshaphim]

As she said, there needs to be compromise... Green and building

[@professorplums722]

​@@DrAshaphimWhere does it end, get another 20 million in, find a blade of grass and build on it? How is that good for the environment?

[@hotdognights1]

It's weird having adults in charge. It's going to take some getting used to.

[@miniripper]

Ain’t she a barrel of laughs.

[@coderider3022]

Why is treasury releasing this, isn’t this Angela’s role ? OBR will tie them in knots and if it’s full of tories , see what happens.

[@steve7445]

Good luck promoting growth by raising taxes

[@hannahoosh]

@@steve7445 ...of the rich

[@hannahoosh]

@@steve7445 I'm in the higher tax band mate and I'm not concerned. They won't hit working hard earners, we are talking about the very very rich people (like Rishi's tax dodging wife 😊)

[@petegiant]

@@hannahoosh Who will simply move away as will the investors.

[@LadyLuck8_4]

It’s called investment.

[@hannahoosh]

@@LadyLuck8_4 and Brexit really delivered that didn't it 😂 our export and import has never been so poor 😂

[@philipwilkes2780]

🤣😂🤣😂🤣😂🤣😂🤣😂

[@user-wp9jj2qx7y]

That's just caused a load of private landlords to decide to sell their portfolio whilst they can!

[@billwoolston6716]

What mandate

[@FeniksGaming]

The 412 seats mandate cry harder :)

[@exiousgb7757]

Then focusing on ICE car bans before 2030 ISNT going to help anyone? Why bother? Even if I could afford the car, then I need a charging point installed in a home I do not own as I can't afford one. We need to stop with this electric vehicle nonsense, because none of us can afford them.

[@hTyKn1]

when cars first came out only the wealthy could afford them and it will revert back to this

[@nevillespence6101]

Growth requires hard choices = HIGHER TAXES

[@MrLillywhite2011]

In a tax system that doesn't promote growth yes i.e 14years

[@LadyLuck8_4]

No tax, no nhs etc.

[@jamesrowbotham9189]

They can print money 💰 and cause more inflation 🤣 stupid people voted Labour

[@David___8w]

Exclusive access: interview with Binance CEO for insights into future developments

[@jamesrowbotham9189]

Money printers ready =more inflation 😂

[@fireat40]

more excuses to increase tax! we were repeatedly warned!

[@DarkCreed]

Warned? By who?

[@GreenZerg]

What tax did she say she was increasing again?

[@zenco7936]

​@@GreenZergdon't make him explain 😂

[@fireat40]

@@zenco7936 all will be revealed. Be patient

[@fireat40]

@@zenco7936 all will be revealed. be patient

[@Captain-Chats]

I love her excitement and the fact they’re hitting the round running 👊🏼💪🏼

[@MrLChurchill]

For how many decades now has Labour been committed to hard working people? Can the country afford to keep the offices heated etc?

[@rd123.]

Grifter

[@Rob1nson]

Heard all this 4 or 5 times before. BS 🤣 Why is Chancellor announcing planning changes?

[@user-wp9jj2qx7y]

woman going shopping....

[@bonnyvonny5182]

Labour do not gave a mandate

[@offshoretomorrow3346]

Spellcheck?

[@MrLillywhite2011]

School?

[@FranzBieberkopf]

Try writing in English

[@billwoolston6716]

A bit too cocky for me who will not last a year, get rid of illegal immigrants and stop the boats, unfortunately the doors will be open for all god help us.

[@pip1723]

It was the Tories who opened the doors the figues are shocking .

[@billwoolston6716]

@@pip1723 Tony Blair did

[@notbaltic280]

Cant be bothered to hear all this BS agsin. Heard it all before many many times.

[@MrLillywhite2011]

Stop crying

[@LadyLuck8_4]

Most sensible opposing comment.

[@luciusaquila4326]

Compulsory house building targets - what could possibly go wrong ?

[@louisedepinna5898]

We need more housing - so yes compulsory house building targets.🤦🏻‍♀️ I don’t understand why people are being so negative, they’re trying to resolve the biggest issues the Tories have failed to address

[@hTyKn1]

@@louisedepinna5898 no, we just need less people

[@luciusaquila4326]

@@louisedepinna5898 Here are six reasons why such targets might be seen as a bad idea: Economic Feasibility and Market Distortions: Cost Implications: Implementing compulsory house building targets could lead to significant financial strain on local authorities and developers, particularly in regions where the market conditions do not support large-scale construction. Market Imbalances: Compulsory targets may create artificial supply in areas where there is insufficient demand, leading to potential issues such as unsold properties, price drops, and wasted resources. Quality Concerns: Pressure on Quality: Setting compulsory targets may lead to a focus on quantity over quality. Developers might cut corners to meet targets, resulting in substandard housing that fails to meet the needs of residents in the long term. Sustainability Issues: The rush to build houses to meet targets might undermine sustainability goals, leading to environmentally damaging practices and poorly designed urban landscapes. Local Opposition and Community Impact: NIMBYism (Not In My Back Yard): Compulsory targets can exacerbate local opposition to new housing developments, particularly in areas where residents are concerned about the impact on local infrastructure, environment, and community character. Community Disruption: Large-scale, top-down housing initiatives can disrupt existing communities, leading to social tensions and a loss of local identity. Infrastructure and Services Strain: Inadequate Infrastructure: Rapid, large-scale housing development can put a strain on local infrastructure and services such as roads, schools, healthcare, and public transportation, which may not be adequately planned or funded to cope with the sudden increase in population. Service Delivery Issues: Overburdened infrastructure and services can lead to a decline in the quality of life for both new and existing residents, undermining the benefits of new housing. Planning and Land Use Challenges: Planning Conflicts: Compulsory targets might conflict with local planning policies and priorities, leading to tensions between central and local governments. This can result in delays and legal battles that hinder the effective delivery of new housing. Land Availability: There may be a lack of suitable land for development in the required areas. Forcing development in inappropriate locations can lead to poor urban planning outcomes, such as urban sprawl and loss of green spaces. Economic Cyclicality and Flexibility: Economic Downturns: The housing market is cyclical, and compulsory targets do not account for economic downturns or fluctuations in housing demand. Forcing construction during a market slump could exacerbate economic issues and lead to financial losses. Lack of Flexibility: Compulsory targets are rigid and may not be adaptable to changing economic, social, and demographic conditions. A more flexible, responsive approach might be needed to address the dynamic nature of housing needs. In summary, F@%?ing 35 years EXPERIENCE in the planning and building sector.

[@DrAshaphim]

​@@hTyKn1 No x]

[@lw1zfog]

RoboReeves 🤖

[@lk2176]

🤖

[@jayjaybebe332]

They do not have the mandate to increase tax, especially wealth tax such as capital gain or inheritance tax

[@hotdognights1]

They have a 172 majority. They can do anything they want.

[@Ronariverah]

So far she said she won't

[@CatherineMitchell-vw3ix]

Get ready for being charged to drive anywhere in the UK.

[@CatherineMitchell-vw3ix]

And so the excuses begin 🙄

[@Alpha-ok7nl]

How can 1/3 give a mandate!

[@danjoconnor3701]

because there are more than three parties?

[@BongoWongoOG]

Cos they got more than anyone else, genius thinking

[@Alpha-ok7nl]

@@danjoconnor3701 But 2/3 didn't vote for them. By claiming Labour has a mandate, Labour is insulting democracy and make it a joke. This is an abuse of voters human rights as well.

[@louisedepinna5898]

Maybe if people wanted a different party they should have gone out and voted it for it. Poor turnout and then whinging because Labour got a majority

[@Alpha-ok7nl]

@@louisedepinna5898 1/3 of the votes didn't give a mandate. Most of dictators also have some support, it doesn't mean they have a mandate. Labour can rule us but there is no mandate.

[@hannahoosh]

Wooo! Shes going to do a brilliant job - because she wants to.

[@user-wp9jj2qx7y]

woman wants to go shopping, that's all! (but with someone else's credit card!)

[@stevewillows1530]

We need a vote of no confidence now. I don't feel safe at all.

[@alexbrown4270]

Lmfao. Most deranged comment

[@richkellett2418]

A great day for the minger community!

[@offshoretomorrow3346]

One of the more pleasant looking MPs infact. (And I'm Reform)

[@OohTarquin]

Helmet hair 😮

[@louisedepinna5898]

Who actually cares what they look like? They’re running the country, not taking part in a fashion show. Grow up

[@richkellett2418]

@@louisedepinna5898 I’m part of the minger community and find your comment offensive.

[@thetruth9210]

What about the 14 years before the Tories?

[@zenco7936]

Day four amd they've already overturned the local planning issues with Green Energy. Wow.

[@waynee650]

She sounds like Starmer...boring, a lot of talk but no meaning

[@FeniksGaming]

Not boring, sensible.

[@waynee650]

@FeniksGaming sensible! Really on what planet? We're DOOMED

[@ScrapYardDog64]

Start by getting the dog walkers back in the office.

[@user-nz3mv6yv6k]

It's going to be a total disaster!

[@doggo7650]

Still going on about fourteen years. What has Labour been doing in that time; sitting on their backsides moaning about it and doing nothing.

[@mikegraham346]

This is like it was produced by AI. Weird.

[@holygrapie]

Why? They all talk like this

[@tonyw5794]

Everyone that voted labour, as now commited all of britain to hell on earth i just dont get it total madness.

[@nevillespence6101]

Oh lets blame the tories, now the HIGHER TAXES are coming

[@MrLillywhite2011]

It's your fault

[@pip1723]

Yet we were taxed higher than ever under the Tories...

[@GaryStephens-d3x]

Grown ups in charge at last.

[@WhoMadeThisBurger69]

Oh boy, she’s really got the short end of the stick. Inheriting the treasury after 14 years of tories. You’d think their austerity would have saved some money for us… but nay