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Watch Rachel Reeves' major speech as chancellor lays out Heathrow plans

Holly Patrick
Wednesday 29 January 2025 13:23 GMT
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Watch as Rachel Reeves made a major speech on the economy on Wednesday (29 January), during which she pledged to “fight” for “growth” and said that Britain “can do so much better.”

In her address from Oxfordshire, the chancellor said the country has “fundamental strengths” but has been “held back” and accepted “stagnation."

The speech also announced support for the expansion of Heathrow Airport – an issue which some Cabinet ministers have previously spoken out against – and reiterated Labour's support for the redevelopment of Manchester United’s Old Trafford.

It comes after Cabinet ministers were ordered to ditch policies that could stand in the way of growing the economy.

Ms Reeves said: “Low growth is not our destiny, but that economic growth will not come without a fight. Without a government that is on the side of working people. Willing to take the right decisions now to change our country’s course for the better.”

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