The Government will take the difficult decisions to deliver
growth, will say in her first speech
as Chancellor today, 8 July.
Business leaders from some of Britain's most pioneering
industries – including its financial services and green
industries – are expected to be in attendance in central London
to hear Ms Reeves vow to “fix the foundations of our economy so
we can rebuild Britain and make every part of our country better
off.”
Reeves will say there is “no time to waste” on delivering change,
pledging to reverse “the legacy of fourteen years of chaos and
economic irresponsibility”.
The Chancellor is expected to say:
“Last week, the British people voted for change. And
over the past 72 hours I have begun the work necessary to deliver
on that mandate.
“Our manifesto was clear: ‘Sustained economic growth is the only
route to improving the prosperity of our country and the living
standards of working people.'
“Where governments have been unwilling to take the difficult
decisions to deliver growth – or have waited too long to act – I
will deliver.
“It is now a national mission. There is no time to waste.
“This morning I want to outline the first steps this new
government has taken to fix the foundations of our economy, so we
can rebuild Britain and make every part of our country better
off.”
She is expected to add:
“We face the legacy of fourteen years of chaos and economic
irresponsibility.
“New Treasury analysis I requested over the weekend exposed the
opportunities lost from this failure.
“Had the UK economy grown at the average rate of OECD economies
since 2010, it would have been over £140 billion larger.
“This could have brought in an additional £58 billion in tax
revenues last year alone to sustain our public services.
“It falls to this new Government to fix the foundations.”
