{"id":80840,"date":"2025-01-30T11:40:16","date_gmt":"2025-01-30T10:40:16","guid":{"rendered":"https:\/\/bccg.de\/?p=80840"},"modified":"2025-02-10T11:40:50","modified_gmt":"2025-02-10T10:40:50","slug":"rachel-reeves-i-am-going-further-and-faster-to-kick-start-the-economy","status":"publish","type":"post","link":"https:\/\/bccg.de\/en\/rachel-reeves-i-am-going-further-and-faster-to-kick-start-the-economy\/","title":{"rendered":"Rachel Reeves: I am going further and faster to kick start the economy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"80840\" class=\"elementor elementor-80840 elementor-80835\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-bfe8055 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bfe8055\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-616564e\" data-id=\"616564e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9c3f068 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"9c3f068\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Chancellor unveils new plans to deliver the Oxford-Cambridge Growth Corridor that will boost the UK economy by up to \u00a378 billion by 2035.<\/p><ul><li>Rachel Reeves will today vow to go \u2018further and faster\u2019 to deliver the government\u2019s Plan for Change to kick start economic growth and put more pounds in people\u2019s pockets.<\/li><li>Chancellor to unveil plans to unleash the potential of the Oxford-Cambridge Growth Corridor that will add up to \u00a378 billion to the UK economy according to industry experts, catalysing growth of UK science and technology.<\/li><li>Comes after Chancellor last week announced National Wealth Fund and Office for Investment will take new approaches to spur regional growth across the UK.<\/li><\/ul><p>Chancellor Rachel Reeves will today vow to go \u201cfurther and faster\u201d to kick start the economy, as she unveils new plans to deliver the Oxford-Cambridge Growth Corridor that will boost the UK economy by up to \u00a378 billion by 2035 according to industry experts.<\/p><p>In a speech in Oxfordshire, the Chancellor will tell regional and business leaders that economic growth is the number one mission of this government and its Plan for Change. She will declare that Britain\u2019s economy has \u201chuge potential\u201d and is at the \u201cforefront of some of the most exciting developments in the world like artificial intelligence and life sciences.\u201d<\/p><p>She will back the redevelopment of Old Trafford and will review the Green Book &#8211; the government\u2019s guidance on appraisal &#8211; in order to support decisions on public investment across the country, including outside London and the Southeast.<\/p><p>The speech comes after the Chancellor last week announced a new approach for the National Wealth Fund (NWF) and the Office for Investment (OfI) to work with local leaders to build pipelines of incoming investment and projects linked to regional growth priorities. This includes the NWF trialling Strategic Partnerships in Greater Manchester, West Yorkshire, West Midlands, and Glasgow City Region and the OfI piloting an approach in the Liverpool City Region and the North East Combined Authority to connect their regions to central government and industry expertise in order to unlock private investment.<\/p><p>Reeves will say \u201clow growth is not our destiny, but that economic growth will not come without a fight. Without a government that is on the side of working people. Willing to take the right decisions now to change our country\u2019s course for the better.\u201d<\/p><p>\u00a0<\/p><p><strong>The Chancellor is expected to say:<\/strong><\/p><p>&#8220;Britain is a country of huge potential. A country of strong communities, with local businesses at their heart.&#8221;<\/p><p>&#8220;We are the forefront of some of the most exciting developments in the world like artificial intelligence and life sciences. We have great companies based here delivering jobs and investment in Britain.&#8221;<\/p><p>&#8220;And we have fundamental strengths \u2013 in our history, our language, and our legal system \u2013 to compete in a global economy.&#8221;<\/p><p>&#8220;But for too long, that potential has been held back. For too long, we have accepted low expectations, accepted stagnation and accepted the risk of decline. We can do so much better.&#8221;<\/p><p>&#8220;Low growth is not our destiny. But growth will not come without a fight. Without a government that is on the side of working people. Willing to take the right decisions now to change our country\u2019s course for the better.&#8221;<\/p><p>&#8220;That\u2019s what our Plan for Change is about. That is what drives me as Chancellor. And it is what I\u2019m determined to deliver.&#8221;<\/p><p>\u00a0<\/p><p><strong>In her speech the Chancellor will announce:<\/strong><\/p><ul><li>The Environment Agency has lifted its objections to a new development around Cambridge that could unlock 4,500 new homes and associated community spaces such as schools and leisure facilities as well as office and laboratory space in Cambridge City Centre. This was only possible as a result of the government working closely with councils and regulators to find creative solutions to unlock growth and address environmental pressures.<\/li><li>That the government has agreed for water companies to unlock \u00a37.9bn investment for the next 5 years to improve our water infrastructure and provide a foundation for growth. This includes nine new reservoirs, such as the new Fens Reservoir serving Cambridge and the Abingdon Reservoir near Oxford.<\/li><li>Confirming funding towards better transport links in the region including funding for East-West Rail, with new services between Oxford and Milton Keynes this year and upgrading the A428 to reduce journey times between Milton Keynes and Cambridge.<\/li><li>Prioritisation of a new Cambridge Cancer Research Hospital as part of the New Hospitals Programme bringing together Cambridge University, Addenbrookes Hospital and Cancer Research UK.<\/li><li>Support for the development of new and expanded communities in the Oxford-Cambridge Growth Corridor and a new East Coast Mainline station in Tempsford, to expand the region\u2019s economy.<\/li><li>That she welcomes Cambridge University\u2019s proposal for a new large scale innovation hub in the city centre. As the world\u2019s leading science and tech cluster by intensity, Cambridge will play a crucial part in the government\u2019s modern Industrial Strategy.<\/li><li>A new Growth Commission for Oxford, inspired by the Cambridge model, to review how best we can unlock and accelerate nationally significant growth for the city and surrounding area.<\/li><li>Appointment of Sir Patrick Vallance as Oxford-Cambridge Growth Corridor Champion to provide senior leadership to ensure the Government\u2019s ambitions are delivered.<\/li><\/ul><p><strong>The Chancellor is expected to say:<\/strong><\/p><p>&#8220;Oxford and Cambridge offer huge economic potential for our nation\u2019s growth prospects.&#8221;<\/p><p>&#8220;Just 66 miles apart these cities are home to two of the best universities in the world two of the most intensive innovation clusters in the world and the area is a hub for globally renowned science and technology firms in life sciences, manufacturing, and AI.&#8221;<\/p><p>&#8220;It has the potential to be Europe\u2019s Silicon Valley. The home of British innovation.&#8221;<\/p><p>&#8220;To grow, these world-class companies need world-class talent who should be able to get to work quickly and find somewhere to live in the local area. But to get from Oxford to Cambridge by train takes two and a half hours.&#8221;<\/p><p>&#8220;There is no way to commute directly from places like Bedford and Milton Keynes to Cambridge by rail. And there is a lack of affordable housing across the region.&#8221;<\/p><p>&#8220;Oxford and Cambridge are two of the least affordable cities in the UK. In other words, the demand is there but there are far too many supply side constraints on economic growth in the region.&#8221;<br \/><br \/><\/p><p>Designed to take advantage of the region\u2019s unique strengths and potential, the announcements are further evidence of the government\u2019s modern Industrial Strategy in action as it seeks to create the right conditions to increase investment in our leading growth sectors like life sciences, artificial intelligence and advanced manufacturing.<\/p><p><strong>She will add:<\/strong><\/p><p>&#8220;Taken together, these announcements show that for the first time a government is providing real leadership to deliver this project with a clear strategy for the entire region backed by funding for the housing and infrastructure we so badly need.&#8221;<\/p><p>\u00a0<\/p><p><strong>Read more here:<\/strong> <a href=\"https:\/\/www.gov.uk\/government\/news\/reeves-i-am-going-further-and-faster-to-kick-start-the-economy\">Reeves: I am going further and faster to kick start the economy &#8211; GOV.UK<\/a><br \/><br \/><\/p><p><strong>Source:<\/strong> <a href=\"https:\/\/www.gov.uk\/government\/news\/reeves-i-am-going-further-and-faster-to-kick-start-the-economy\">gov.uk<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Chancellor unveils new plans to deliver the Oxford-Cambridge Growth Corridor that will boost the UK economy by up to \u00a378 billion by 2035. Rachel Reeves will today vow to go \u2018further and faster\u2019 to deliver the government\u2019s Plan for Change to kick start economic growth and put more pounds in people\u2019s pockets. Chancellor to unveil&hellip;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[155],"tags":[],"hf_cat_post":[],"class_list":["post-80840","post","type-post","status-publish","format-standard","hentry","category-news-2"],"_links":{"self":[{"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/posts\/80840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/comments?post=80840"}],"version-history":[{"count":4,"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/posts\/80840\/revisions"}],"predecessor-version":[{"id":80845,"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/posts\/80840\/revisions\/80845"}],"wp:attachment":[{"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/media?parent=80840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/categories?post=80840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/tags?post=80840"},{"taxonomy":"hf_cat_post","embeddable":true,"href":"https:\/\/bccg.de\/en\/wp-json\/wp\/v2\/hf_cat_post?post=80840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}