Rachel Reeves insists economic growth is the British government’s ‘number one mission’. Speaking at the World Economic Forum in Davos, the new Labour chancellor pointed to new funding for projects at City and Stansted Airports while accusing the previous Conservative government of shying away from ‘crucial infrastructure investment’. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Category
🗞
NewsTranscript
00:00I'm not going to comment on speculation, but what I would say is this, when the last government
00:06faced difficult decisions about whether to support infrastructure investment,
00:10the answer always seemed to be no. And we can't carry on like that, because if we do,
00:14we'll miss out on crucial investment here into Britain. So number one mission of this government
00:21is to grow the economy. You've already seen a number of decisions, including on Stansted and
00:26City Airport, on energy projects, on transport infrastructure, because we are determined to
00:32grow the economy. Well, the chair of the Competition and Markets Authority resigned.
00:37He recognised that it was a time for a reset of the Competition and Markets Authority.
00:43This government has been really clear that regulators, of course, need to regulate for risk,
00:48but they've also got to regulate for growth. That is why growth is our number one mission,
00:53and the regulators need to be part of that agenda as well.