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

Politics and Government Politics and Government

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

^{Published on 2025-01-28 18:20:39 - Sky}

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

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 ]

Contributing Sources

Sky

N@N

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