Rachel Reeves will soon announce a comprehensive strategy aimed at boosting the UK's lagging economy, reminiscent of Thatcher's deregulation policies from the 1980s. Key elements include major infrastructure projects, notably an East-West Rail link and expansions at Heathrow and Gatwick airports. Critics are concerned, however, that recent tax increases and regulatory measures have diminished business confidence. They argue immediate action, like that of Trump in the US, was needed to address worsening economic conditions. Reeves's initiative intends to focus on enhancing connectivity and affordable housing, marking a departure from the previous government's regional investment strategy.
Reeves's new plan includes an East-West Rail link between Oxford and Milton Keynes and emphasizes infrastructure investment to rejuvenate Britain's economy by 2035.
Critics voice skepticism about the government’s growth approach, citing prior tax hikes and regulatory changes, undermining business confidence amidst economic challenges.
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