Reeves Powers a New Era of UK Prosperity
Rachel Reeves, who became the UK’s first female Chancellor of the Exchequer, has not rested in solving the country’s economic problems. On Monday, she described her plans on how she will help the country increase the lackluster economic growth as well as address the housing deficit. Reeves, who left the Bank of England earlier this year, has devoted her efforts to make wide-ranging changes, stressing planning as the major epicenter of concern. She promised to re-launch the national planning policy and reinstate the measures that will produce more growth and make housing targets compulsory.
South London born Reeves has been a trailblazer for most of his life. Regarded as a combative child, she was engaged in aggressive chess plays by defeating most of the boys from the private schools. In her new position, Reeves is bringing that same attitude to the UK’s economy and vowing to act. She was emphatic on the fact that restoring the planning system and the lifting of ban on new onshore wind power is in the pipeline to enable the growth of economy.
Furthermore, Reeves has sought to engage Treasury officials with evaluating the state of the country’s finances as received from the previous Conservative Administration. She wants to share these results before the summer break, while the groundwork for her detailed state’s budget will come in the fall. Although Reeves’s objectives are rather clear and her ideology is reformative, she is paving the way for a tremendous overhaul of the British economy.
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