LONDON (AP) - Britain’s new Labour government will make stimulating economic growth its mission while limiting bureaucracy to make it easier to invest in the country, the Treasury chief said Monday.
Britain’s Treasury chief says stimulating economic growth is the new Labour government’s mission
LONDON (AP) - Britain’s new Labour government will make stimulating economic growth its mission while limiting bureaucracy to make it easier to invest in the country, the Treasury chief said Monday.
In her first major speech, Rachel Reeves said there was no time to waste to reverse what she called "14 years of chaos and economic instability" under Conservative governments.
"Where governments have been unwilling to take the difficult decisions to deliver growth - or have waited too long to act - I will deliver,” she told business leaders and reporters.
Reeves, Britain's first female Treasury chief and a former Bank of England economist, said sustained economic growth was the only way to improve living standards for all and to rebuild the country’s stretched and underfunded public services.