Chancellor Rachel Reeves has announced plans to get "Britain building again" by unlocking the planning system. The first female chancellor said there were tough decisions to be taken but that the Labour government would "get things done" and prioritise growth, while her department makes assessments of the economy left by the Conservatives.
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00:00This Labour government has been elected on a mandate to get things done, to get Britain
00:06building again. We will make those tough decisions to realise that mandate.
00:13With these steps, we have done more to unblock the planning system in the past 72 hours than
00:20the last government did in 14 years.
00:23Be in no doubt, we are going to get Britain building again. We are going to get Britain's
00:29economy growing again. And there is no time to waste.
00:34I know that voters' trust cannot be repaid through slogans or through gimmicks. Only
00:41through action. Only through delivery. The Treasury I lead is proceeding on that basis.
00:50I was appointed to this post less than 72 hours ago. Upon my arrival, I told Treasury
00:56staff that the work starts straight away. That work has begun.
01:02I have commissioned and received economic analysis from Treasury officials on the lost
01:06growth of the last 14 years, which I have set out today. I have instructed Treasury
01:12officials to prepare an assessment of the state of our spending inheritance to be presented
01:16to Parliament before the summer recess.
01:19I have started work with the Prime Minister to make the necessary preparations for the
01:24establishment of a growth mission board. And that board will meet before the end of
01:29this month, focused squarely on reviving our country's economic growth and prosperity.
01:35I have established a new growth delivery unit here at the heart of the Treasury. There is
01:41much more to do. More tough decisions to be taken. You have put your trust in us. And
01:49we will repay that trust.
01:52The work towards a decade of national renewal has begun. There is no time to waste and we
01:58are just getting started. Thank you very much.