The TRUTH About Rachel Reeves' Britain's Economic Strategy

The UK government has provided a more detailed outline of its growth strategy, with both the Chancellor's speech and the Prime Minister's Times article emphasising their approach to economic development. IEA Executive Director Tom Clougherty examines how the government's focus has evolved to emphasise supply-side liberalisation and regulatory reform, particularly highlighting development opportunities in London and the Southeast's Oxford-Cambridge arc.
While acknowledging the positive aspects of the government's emphasis on planning liberalisation and infrastructure development, Clougherty identifies several challenges in the implementation. He points out that the current approach of Downing Street personally intervening to advance projects is unsustainable, suggesting instead the need for systematic changes that would streamline private sector investments. The analysis also highlights how high energy prices and current regulatory frameworks continue to pose significant challenges to growth.
In this detailed review, Clougherty outlines additional areas requiring attention beyond the current proposals. He specifically addresses the need to reform post-2008 financial regulations that he believes are hampering Britain's economic dynamism, while also discussing the potential for tax system reforms that could enhance growth without necessarily reducing overall revenue. Watch for a comprehensive analysis of the UK's economic strategy and the practical challenges in implementing these growth plans.

[@TH-bp2cl]

tax is to high, regulation is out of control, net zero is killing industry

[@infohound41]

No it's not, don't try and copy and paste US arguments to the UK coz they are different countries/cultures/economies.

[@TomTomicMic]

​@infohound41 Surprisingly Rachel from Accounts did not copy and paste the US model, the US is in growth Labour and the UK are not, so yes we are taking different paths and ours is high tax on citizens and businesses, more regulations on employers regarding employees, and silly net zero targets based on an independent report by a company majorly owned by the minster in charge of net zero where the maths don't add up, it is doomed to fail as they have squandered the now 40 Billion 🕳️ on the state who produce nowt because they are basically non productive, meanwhile the US is cutting tax, cutting regulations on employers and getting private companies investing in the US and scrapping net zero for cheaper energy which is the driver of economic growth, It will get worse under Labour because they are incompetent and whilst they want growth do not understand the principles for achieving it due to their Marxist ideology (It should be made compulsory that we don't use net zero unless it's more efficient and cheaper than carbon alternatives because currently our energy costs are ridiculously high)!?!

[@garyb455]

@infohound41 you must be thick

[@harryzachariou1]

​@infohound41 Im sorry which part of the statement was incorrect? "Tax is too high": Highest tax burden since the war, then add, fuel duty, VAT, stamp duty, council tax, road tax etc "Regulation is out of control": It would take 5 years just to get the planning approved for a 3rd runway in Heathrow. "net zero is killing industry": We literally have the highest energy costs in the WORLD.

[@infohound41]

@ Taxes are not too high the tax BURDEN is too high because the Tories didn't grow the economy. Also, we have things like the NHS so we will inevitably have higher taxes but it makes sense why that is. It's not all regulation it's regulation around certain areas that needs reform and arguably the bigger problem is again the Tories chopping & changing and listening to homeowning Nimbys rather than stategically improving and planning infrastrucutre. Net zero is not causing energy price rises, it's because Thatcher privatised British Gas and all the North Sea oil fields so we now have to buy it on the open market rather than have cheap oil and gas of our own. These points might be valid in the USA (they don't have socialised healthcare for example) but please don't just copy and paste it to this country it's different.

[@DocNick68]

The growth strategy is trickle-down economics, the idea that making the south east richer will make people in the rest of the country miraculously better off. One commentator suggested that building the 3rd runway at Heathrow would create jobs for construction workers in Newcastle!

[@garywilson6047]

Water rates up by 20% in April, council tax up by 25%. And she’s talking about runways and reservoirs that’ll take decades. And AI businesses won’t come to a country with massive fuel prices. Go nuclear, and drill baby drill.

[@DaveMorris-o9h]

Truth is not one of them has a clue, its like listening to a bunch of robots.

[@stumac869]

The majority of investment has gone to London and the South East over the past 50 years wwhich is why the rest of the country has gone to pot. Add to that mad net zero policies which has destroyed energy intensive industries which has adversely impacted the midlands and North. Growth comes from a healthy and growing private sector and that won't happen under this ideologically driven government.

[@Chemflo48818]

Spot on

[@daveh4019]

Reeves impressive, was as far as I got in the video, the only thing that's inpersve is how incompetent she is.

[@toadman5184]

"how the government's focus has evolved to emphasise supply-side liberalisation and regulatory reform, particularly highlighting development opportunities in London and the Southeast's Oxford-Cambridge arc." I hope the Labour voters in the North can see this. You might as well have voted Tory. Vote Reform - enough with the neo-lib circus, it's getting stupid.

[@Manic.miner2077]

Local councils are about to push for special measures (bankruptcy) to allow them to increase council tax up to 25%. I wonder how that will affect the economy.

[@mindcache5650]

That ship sailed 20 years ago. The U.S. owns all of the data and AI. Oxbridge and the City will fiddle around the edges.

[@garywilson6047]

How does someone lie on their CV and get away with being the chancellor.

[@chilesauce7248]

The #labour budget last year killed business, screwed workers and stifiled growth.

[@___Q-bot]

1:35 doesn’t the “runway” project requiring lands buyout from private owners? If so, isn’t government involvement necessary? Thx

[@wendywolfman]

The north has entered the chat…..the north has left the chat.

[@AR-mv3zh]

what I don't understand is, why did the Tories not implement these changes in their last 14 years in power? Tories understand how vital economic liberalisation is, yet they failed us.

[@A190xx]

The Tories were taken over by the Left. Kemi needs to get rid of them if she has any hope of power.

[@craftyfox1]

What is this channel? Reeves propaganda machine? What a load of BS.

[@advocate1563]

Forgive me, seems rather rosy. Of course something must be d9ne but not surr th8s was 8t. I agree with Liam.Halligan. Turn LHR into.predominantly business hub.and expand Luton, Gatwick, Sransted, Manchester, Birmimgham, Bristol, etc and use this as an opportunity to levrl up as one small example of better ideas.

[@the_rational_thinker_00]

If you do choose to come and liberate Britain, as Elon Musk proposed, all true British people would applaud you. We are being destroyed and sold out by the communists we have in power currently.

[@jamessnowden145]

After you swallowed the govs lies, I will never donate to you. Especially as you support them+++. Private sector only, cutgov, now.

[@Phillip_Reese]

I did not vote Labour, but, please, your guys were 14 years in power and you did not destroyed them, the opposite, you helped them to look good. Give these guys 4 years, the other ones had 14 and destroyed the country.

[@megapangolin1093]

Labour will achieve more destruction in 4 years than Tories in 14, so they will be more productive in that regard.

[@steveobrien4141]

Reeves "impressive" REALLY NO she was talking Bollocks as usual.

[@pault1me]

Who is this guy?? Clearly a 5:07 long term thinker whos prepared to put short term gain over long term solutions and at the expense of the climate and our childrens future. The country is only economical because it serves a social need not the other way round.

[@SisterAbdullahX]

If the climate is an issue, it isn’t the UK contribution that you need to worry about.

[@discostu2]

Vote reform