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

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Business delegates at Labour conference privately said that the top level policy announcements sounded “positive” but complained of a lack of detail

Rachel Reeves, Shadow Chancellor of the Exchequer delivers a speech to party delegates on day two of the Labour Party conferencepromise 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.”“We still don’t really know how some of this would actually work so its very much ‘watch this space’,” one said. 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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