Labour conference: Business chiefs praise Rachel Reeves’s push for growth – but call for more clarity

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Industry leaders following Labour conference welcome proposed planning reforms but call for 'certainty' over tax

Reeves says she will cut waste to raise £4bn, but is warned she will need to spend more on NHSIndustry leaders following Labour conference welcome proposed planning reforms but call for ‘certainty’ over taxpromise to overhaul the planning system to encourage growth but called for more clarity around policy detail and how it will be delivered.

“But crucially she understands the economics of work, of place and family. And, look, it is beyond time we put her energy and ideas into action.” “And at every event we have been to, they say at the start, ‘We are in a challenging economic environment,’ so it feels like a lot of expectation management and hinting that not a lot can be done on day one.”She confirmed plans for reforms to the “antiquated” planning system to make it quicker and easier to build the infrastructure needed for modern industries and clean energy networks.

Melanie Leech, chief executive of the British Property Federation, said it was “good” to see Labour priorisiting strategic planning for large projects, adding that it was crucial to economic growth. “The planning reform is a straightforward, mature policy poised to deliver the infrastructure needed to help increase the UK’s low growth rate. The commitment to our high streets and towns through small-business-focused business rates reform is especially welcome.”

 

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