As UK economics editor, my life for the last week has felt a lot like surrealist movie Being John Malkovich — but with Rachel Reeves in the central role.
Nine new reservoirs are part of a plan to "kick start the economy". But it has led to warnings that private firms will benefit as bills rise.
Rachel Reeves sends message to Sadiq Khan as London mayor opposes Heathrow expansionSource: BBC Radio 4
Rachel Reeves grilled on past opposition to airport expansion over environmental concernsSource: BBC Breakfast
The Chancellor's plans to build a third runway at Heathrow could turn great swathes of the English countryside into "noise sewers", campaigners claim.
British finance minister Rachel Reeves spelled out her plans to revive the country's slow-moving economy on Wednesday, adding to recent pledges to reform investment and planning rules with a commitment to back airport expansion at Heathrow.
The former Prime Minister said the "people of Britain demand bigger change" than Rachel Reeves is willing to offer.
Rachel Reeves has told London Mayor Sadiq Khan she is certain to defeat his bid to sabotage her Heathrow expansion scheme. Asked if Mr Khan was able to stop to her third runway plan, the Chancellor replied: ‘No.’ The capital’s Labour mayor could mount a legal challenge, she said, but he would not prevail in the end.
“There is a clear contradiction between implementing laudable measures such as planning reform and infrastructure investment whilst, at the same time, applying a handbrake through measures which will inevitably reduce investment and freeze recruitment. This is a clear dichotomy that the government needs to resolve internally.”
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That left Rachel Reeves, Britain’s chancellor, with an uphill task when she arrived at the Swiss alpine town to court investors at the annual meeting of the World Economic Forum. She met a raft of Wall Street bosses,