'Europe's Silicon Valley' at heart of government's growth plans, Rachel Reeves to announce

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'Europe's Silicon Valley' at heart of government's growth plans, Rachel Reeves to announce

//politics-government.news-articles.net/content/ .. nt-s-growth-plans-rachel-reeves-to-announce.html

Published in Politics and Government on Tuesday, January 28th 2025 at 18:20 GMT by Sky

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

The chancellor is looking to turn the economy's fortunes around after sluggish growth continued following Labour's election victory last year.

2025-01-28 196 x 110 / 5660 Bytes

Rachel Reeves, the UK's new Chancellor, is set to announce plans to stimulate economic growth by focusing on several key areas. She will highlight the development of Europe's Silicon Valley in the UK, aiming to boost the technology sector. Additionally, she plans to address water security by investing in new reservoirs and improving existing water infrastructure. Another significant aspect of her strategy includes the regeneration of Old Trafford, the home of Manchester United, to enhance local economic development. Reeves will also discuss the need for planning reforms to facilitate these projects, emphasizing the government's commitment to building 1.5 million homes and upgrading the national grid. This comprehensive approach is part of Labour's broader mission to drive economic growth and address long-standing infrastructure issues.

Read the Full Sky Article at:
[ https://news.sky.com/story/europes-silicon-valley-reservoirs-and-old-trafford-at-heart-of-governments-growth-plans-rachel-reeves-to-announce-13298476 ]