0:00
everyone seems to agree Britain's
0:01
economy needs to grow from Liz trust
0:04
denouncing the anti-growth coalition to
0:06
the labor government winning the
0:08
election and pledging to get the economy
0:10
back on track it's a broad political
0:12
consensus so why has the government been
0:14
focusing so much on growth lately ahead
0:17
of the election labor promised in their
0:19
Manifesto that in government they would
0:21
work to secure the highest sustained
0:23
growth among the G7 Nations since taking
0:25
office the government including prime
0:27
minister K Dharma and Chancellor Rachel
0:29
Reeves highlighted their poor economic
0:31
inheritance following the impact of
0:33
brexit the covid pandemic and the energy
0:36
crisis sparked by Russia's invasion of
0:38
Ukraine they cited a 22 billion pound
0:40
black hole in the public finances and
0:43
Reeves delivered a budget which Heights
0:45
taxes by 40 billion creating backlash
0:47
from businesses who said her fiscal
0:49
plans knocked confidence in the economy
0:51
the chancellor has faced a lot of
0:53
criticism for her measures including
0:54
from business Lobby groups like The CBI
0:57
its chairman Rupert SS said she'd
0:59
created a whole in trust she was forced
1:01
to defend herself over a trip to China
1:03
during a week when government borrowing
1:05
costs soared to their highest levels
1:07
since the 1990s prompting fears of
1:09
another mini budget style crisis but the
1:12
economy has since stabilized and Reeves
1:14
now appears safe in her role with
1:16
reports she is fully backed by the PM
1:18
and her cabinet colleagues so what does
1:20
the push for growth actually involve
1:22
following the recent economic blip
1:24
starma and Reeves have shown A Renewed
1:26
focus on their plans to get the UK's
1:28
economy growing especially in the past
1:31
week they've announced a reform of
1:33
planning rules to make it easier to
1:34
build homes and major infrastructure
1:37
projects and harder for so-called nimes
1:39
or not in my backyards to oppose them
1:42
speaking to MPS yesterday Reeves
1:44
insisted the government must go further
1:46
and faster and must start saying yes to
1:49
schemes to create growth in the UK she
1:51
and starma met with some of Britain's
1:53
biggest businesses on Tuesday to brief
1:55
them on their growth plans ahead of a
1:57
major economic speech Reeves will
1:59
deliver on Wednesday the chancellor is
2:00
expected to make fresh announcements on
2:02
Planning and Building projects and
2:04
potentially back the expansion of
2:06
Heathrow Airport's third Runway although
2:08
it could put the UK's climate targets at
2:10
risk so why is all this needed there
2:13
seems to be a sense that the government
2:14
recognizes it hasn't exactly been smooth
2:17
sailing since the election economic
2:19
growth stagnated in the second half of
2:21
2024 and inflation is now back above the
2:23
bank of England's 2% Target and with the
2:26
economy top of hov's tracker of Brit's
2:28
political priorities it's clear that if
2:30
ministers can succeed at kickstarting
2:32
growth there could be votes and support
2:34
to be won starma has also shifted his
2:37
language around growth to a more voter
2:39
focused tone he made a speech at the end
2:41
of last year saying he wants to see
2:43
living standards rise across the country
2:45
economic growth by another name what's
2:48
the reaction been starma told reporters
2:50
in the city of London today that growth
2:52
is the number one priority as well as
2:54
wealth creation in every part of the UK
2:57
and making sure that people are better
3:00
that growing the economy in a way that
3:02
people feel genuinely better off was a
3:04
key test of what we want to achieve in
3:06
government but Shadow business secretary
3:08
Andrew Griffith was unimpressed however
3:10
he said words are cheap but a growth
3:13
strategy can't just be infrastructure
3:15
projects for the 2030s the conservative
3:17
MP warned that businesses and UK High
3:19
streets were bleeding out right now and
3:21
he said too many of our best and
3:23
brightest were fleeing the country what
3:24
do you think of the government's push
3:26
for growth let us know your thoughts in
3:27
the comments and follow C for all the
3:29
latest political news
