Rachel Reeves indicates Labour plans to fight next election on economy. Here is what she has promised
Rachel Reeves, has made it clear that the Labour Party will fight the next General Election on the issues of economy. Delivering her speech at the Labour conference, she stepped onto traditional Conservative election ground and promised to slash waste and drive growth. She also unveiled plans to speed up projects like battery factories and 5G infrastructure.
«War against fraud»
Reeves promised to «wage a war against fraud, waste and inefficiency», including a «crackdown on Tory ministers' „private jet habit“.
While UK Prime Minister Rishi Sunak canceled last week the northern leg of the high-speed line, the Shadow Chancellor said a Labour government would commission an independent inquiry into the project.
Rachel Reeves promises wage hikes
At a time when the UK has witnessed multiple strikes by doctors and railwaymen demanding a wage hike, Reeves pledged to increase the national minimum wage „taking into account the real cost of living.“
Praising the Labour Party politician for her stand on the economic issues, former Governor of the Bank of England Mark Carney, said that Reeves is „a serious economist“ who „understands the big picture.“
Trade unions welcome speech
Trade unions have welcomed the speech. Unison General Secretary Christina McAnea praised her for her „compelling vision“. But, 'Momentum', the left-wing pressure group set up to support former leader Jeremy Corbyn, is not happy. It said that Labour's plans were „disappointing“ and failed to „rise to the huge crises facing Britain“.
Trade union group Unite has called to nationalise critical infrastructure and utilities like gas and electricity networks. Expressing her unhappiness, its leader Sharon Graham accused the Labour Party of being
