UK’s new Labour chancellor has instructed Treasury to examine state spending under the Conservatives
Rachel Reeves has instructed the Treasury to examine state spending under the previous Conservative government, warning that Britain’s new Labour administration had inherited “the worst set of circumstances since the second world war”. The UK chancellor prepared the ground for tough choices on public finances this year as she vowed to prioritise growth and unveiled plans to unblock housing developments and onshore wind farms.
5mn new homes over the next five years, teeing up measures including reform to the National Planning Policy Framework by the end of the month. Mandatory housing targets would be restored and the de-facto ban on onshore wind farms in England had been ended, Reeves said. Among the measures set out by Reeves is an attempt to unblock “stalled sites” of large housing schemes stuck in mid-development.
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