Despite extensive discussions by Labour about economic growth before and after the general election, little progress has been made. This stagnation poses challenges for the government, leading to a shift in messaging emphasizing action and optimism. Chancellor Rachel Reeves highlighted 'Huge potential' and 'Exciting developments' in her speech to business leaders, aiming to instill optimism. However, many proposed initiatives, like the long-debated third runway at Heathrow, face skepticism and may not materialize effectively due to prior failures. Thus, the government seeks tangible signs of economic progress amidst ongoing challenges.
The economy is coughing, spluttering and wheezing 'the sickness of stagnation and decline' as Sir Keir Starmer puts it—highlighting concerns on growth.
Chancellor Rachel Reeves' speech emphasized 'Huge potential,' 'Exciting developments,' 'Great companies,' and 'Fundamental strengths' to shift the government's narrative on growth.
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