Addressing the Labour Party Conference in Liverpool today, Chancellor Rachel Reeves reiterated the Labour Government’s promise to “get Britain building again.”
Describing the party as one of “economic responsibility,” Reeves condemned the Conservative Party’s economic legacy, promising to deliver on the commitments made by Labour on the campaign trail back in June.
This speech came ahead of Labour’s first Autumn Budget, set to be delivered to Parliament on 30th October.
Citing the upcoming Budget as one of “ambition,” Reeves set out several promises, including no increases to basic, higher, or additional income tax, a newly introduced cap on corporation tax, as well as an end to non-dom tax loopholes.
Reeves also pledged make improvements to the planning system, in a bid to support “builders frustrated by a system that hands power to the blockers.”
Vowing to “rip out the blockages” in the current system, Reeves said that the Labour Government aimed to increase building and introduce new infrastructure across the UK, echoing back to its campaign promise to build over 1.5 million homes this Parliamentary term.
This promise, which aims to streamline the much maligned planning system, came as the Government aims to combat the ongoing housing crisis, exacerbated by the ongoing cost of living crisis and nationwide housing shortage.
