Watch again: Chancellor Rachel Reeves gives first major speech on Labour’s plan for economic growth
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- čas přidán 7. 07. 2024
- Chancellor Rachel Reeves sets out her plan for the economy in a speech on Monday 8 July.
The UK’s first female chancellor will make kickstarting economic growth a “national mission” with major changes to speed up infrastructure projects and unlock private investment.
In her first major speech, Ms Reeves will vow to take “difficult decisions” because there is “no time to waste”.
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My retirement was just last month. Having pre-tax income of $5.7 million, I did follow my one-time advice from *Leah* *Alderman* *Foster* Since I have an inherited $700k that I have to spend down in seven years, I had to do it all at once. I'm currently 59 years old. I have $3.5 million in Roth since I have a pension. Stocks worth $4.5 million are taxed. I'm starting to give my kids gifts now, as you stated, to help with a house down the road.
I am no longer suffering with rmd. Children receive it free of tax. The only thing my wife has is $600,000 before taxes, which I may need to convert at some point. I'm attempting to avoid paying for Medicare, but it appears like I will have to for a time. I am unable to even deplete my pension each month. excluding the remainder of my investments.
Even if it seems like you are in a position of freedom and have been strategic in your retirement planning with your adviser, I still look for her. When RMD time arrives, it's good not to have a partner (IRS) hanging over you. We hope the best for you!
My children have always heard me say that there are no scholarships for retirement. As soon as you begin working after school, start saving. They are teaching their kids the same lessons and are debt free.
They propose increasing public spending in key sectors like renewable energy, healthcare, and education to boost long-term productivity
Do you think their approach will be effective?
It depends. Their emphasis on infrastructure can improve productivity and create jobs in the short term
concerns may arise regarding the sustainability of increased public spending and potential impacts on inflation and debt levels
Labour plans to increase taxes on high earners and corporations to fund their initiatives while offering incentives for small businesses and startups
The global economy plays a significant role now more than ever. Factors like international trade tensions and fluctuating commodity prices can affect any country's growth plans, including Labour's
Haha. Half the commenters seem to think she’s a communist and the other half think she’s a Thatcherite.
It's mental int it.
@@peng9179she is
@@peng9179They're just scared, I don't blame them after what we've had.
It is not a binary choice, she is a part of a have-your-cake-and-eat-it 'Luxury Communist' Govt. God help us.
It’s what happens when the previous party protect and serve a generation based on their retirement rate.
Sunak,Johnson, would still turn their nose up at a starving kid over an end of life OAP.
Give the woman a chance, if she fail to deliver then you all can bash her.
Euro poll - look it up - Labour are bringing a share of asylum from Europe (many illegal) to the UK
Expect our population to continue to rocket further bringing down our quality of life.
300,000 houses per year won’t house the people that need them now let alone bringing in more than 750,000 extra per year and more asylum and refugee seekers than ever before
@@sidneydavy1079 not for long
She will fail
Too many Russian bots in the chat
The only difference between Russian bots and tory loyalists is that the bots can retire when the jobs done
'Russian bots' - people with a different opinion to me
I love how ppl say "Russian bots" like Russia gives a damn about uk politics
@@romulus0552 Russia DOES care about UK politics, and French politics, and German politics. some people say they even care about Ukrainian politics...
Its a pariah state that only exists because the western world relies on its resources, something that is drastically changing which means they need to make friends, quite literally by shifting democracies toward more pro Russian candidates like trump and farage
@samueleveleigh2767 So many years you lot said trump has been working for Russia and hasn't been able to prove it. so much American tax payer money wasted on russiagate and still no proof. Now we're supposed to believe farage is working for putin as well? Do you have any idea how sick ppl are of hearing Russia Russia Russia without even a shed of proof? Of course not, so please, for the love of God, just do some research without relying on msm
Clever person with lots of HM Treasury experience. Excellent appointment.
Are you sure?
@@dorsetbigcats6292 Yes!
Excellent appointment for mass immigration and open borders - Yeah amazing
@@MrDavey2010 she got sacked from Lloyds bank in Leeds
@@MrDavey2010 and you,res is the dumbist comment I've ever heard
Her voice and accent sounds like female kier starmer,
Also she said a lot of words without actually saying much, the first 10 minutes she spent slagging off the last government and saying she will make changes.
Haha I can’t undo this thought for the next 5 years now!
😂😂😂😂😂😂 I thought I was the only one who noticed that Kierstarmering voice kkkkkkk
Typical leftwing word salad.
She's right to do so. You have to explain the foundation that you will be working from.
How poor a state the Cons have left this once Great Britain in!
"I have spent the last 72 hours doing an audit on how screwed the country is.
I now have a rough plan of ideals that are reasonable given our situation.
I will soon be making a detailed plan"
Tory bot network: "so labour dont have a plan, who could guessed they would bankrupt the country this fast. I had to sell my children to the french cartel to afford my british made toast last night"
How do they plan on building 1.5 million houses in 5 years and switching to "green" energy in a similar timeframe all with out raising taxes, where is this money coming from? Also what's the point of building houses if no-one can afford them.
They all promise more houses but then find that they need more builders and materials and usually foreign labour from Eastern Europe.
With the immigrant numbers, it needs to be at least double the 300,000
Expect your town to be culturally changed in the next 4 years of it hasn’t already. Rayner wants refugees in every town
No one is buying the house , labour will house the 1000s of illegal immigrants in them free of charge
Training, apprenticeships etc.
Have you not read about the National Wealth Fund with new investments going to be made into on-shore wind, factory and construction investment plans where businesses can invest in infrastructure and be supported alongside the government and have some of that cut go to the government.
You know like some of the most stable economies like Norway?
The establishment media puppets are out insulting the plebs.
It would have been helpful if she told us what she plans on doing instead of complaining what other parties didnt do
She did tell us a great deal about what they plan to do,although she definitely spent a lot of time laying into the Tories, but hey, the Tories rightly deserve it, and Labour need to make it very clear to the public what a mess they left us in, because there are going to be no quick fixes. It will take years to undo the damage the Tories have done, hamstrung every step of the way by their disastrous brexit.
@tonyb9735 Don't get me wrong the Tories have completely ballsed everything up I'm not disputing that, but we need to remember the last Labour government also made a complete hash of it too
@@cuprashoe "we need to remember the last Labour government also made a complete hash of it too"
They did. They believed they had abolished boom and bust and went on an insane spending and borrowing spree. On the plus side, most of that money was spent on improving things in this country, schools, hospitals, police, which is a massive contrast to the Tories who borrowed even more and simply awarded the money to their chums.
Worse than their economic performance, imo, Tony Blair and his "spin-doctors" marked the moment at which we entered post-truth politics in this country.
But ... we need to remember that this is not that government. Let us judge them on their actions, not our fears or expectations.
@tonyb9735 It's worth pointing out under Blair he was the root cause of the mass immigration problem we have today with the lack of affordable housing and a NHS that is collapsing under the strain, and please don't use the (immigrants are keeping the NHS going, not that the Tories have done anything about it but there we go
Alongside investment must come Reform !!! - like that !
Did i just watch a 30 min video about what othet parties didnt do 😂😂😂 dear lord save us all
you must have missed the bits where she said about allowing onshore wind farms and building homes
@@amcadam26
A 34 minute video and all we got was allowing onshore wind farms, and building homes.
@@trytellingthetruth.2068And reforming the restrictive planning policies. Along with protecting renters rights. Etc etc. I'd say it's a good amount for 20 mins of talking. The rest was questions.
Mind you this is just 3 days of being in office. The Tories would have just given us another scandal by this point. Or announced that they decided to let a million refugees into the country or some bs
@@simonlyke1536
"By reforming the restrictive planning policies".
Do you mean allowing our greenbelt to be concreted over, then complaining about increasing CO2 emissions, endangerment to our wildlife, and why we don't grow enough of our own food?
@trytellingthetruth.2068 they don't care the shortfall is paid by us so long as the uk can be deemed net zero making them the masters of the universe.
Business rates should be shifted from actual businesses to commercial property landlords.
Has the Labour Party has been on a learning visit to China? Development plans signed off by a party official, and the diggers start the next week?
Talk about all the money spent on immigration. You know the illegal lot, the 5bn a year on hotels.
They conveniently escape them conversations. Have you noticed the journalists never ask them? That’s because they too work for a globalist government
It’s actually 10bn
Almost like Labour didn’t do that
@@FireDarkNinja They opened the floodgates in the 90's. It's time for them to do their job and close them, but I doubt that will happen anytime soon.
Where were these institutions for the last 14 years.
Getting their budgets slashed to the bone while being hog tied by tory red tape
@@samueleveleigh2767 you dont understand what redtape means....but you will in about 2/3 years.
How many times has she mentioned the last 14 years in this speech and blaming the Tories for everything without any credible resolutions. And mentioning the Labour Prime Minister and Deputy Prime Minister you may as well refer them as dumber and dumber
The plan is to unfuck the fuckery...
Change - to what ?
Any one could have stood up and made that speech. Lots of wishful thinking but no evidence of how that can be achieved.
Giving more local authority more people = excuse for a rise in council tax!
The Telegraph asked about 'downsizing' I know someone who moved into a 50 apartment retirement village last year and she is STILL one of only 5 residents. Why? It's not lack of interest, it's because people don't have the money to buy the houses that would allow retired folk to move. If you want older folk to move, you need to make houses affordable again - and that also means reducing mortgage rates.
The housebuilding industry is suffering from a shortage of workers to build this increase of new homes. These workers need training and qualifications that take years, so this is not a quick fix for the economy. Lots of skilled foreign workers left after Brexit and the pandemic and haven't returned. The conservatives didn't do enough to convince students that they shouldn't go to college but to pursue what can actually be a very lucrative career in the house building industry.
You haven’t done anything but read a script.
thats what a plan is you clown??
Soon starts to make excuses.
Is this Ai ?
Seems so!
More pen pushers. More snoops. More big government.
The cost and losses attached to downsizing is the main reason older people do not bother.
Yeah though to downsize so the illegals are given a home - before British citizens
I see the children have come out to play and have made up their closed minds after 3 days! Pathetic, get back into your playpens and let the adults get on with the job. The last lot of clowns were allowed 14 years to screw up the country. This is constituency politics and the vast majority of constituencies voted for the Labour Party. That's been the system for centuries and won't change anytime soon.
Wonder how long it will be before she makes a cock-up of the economy
Mark Carney?
No mention of the millions of new citizens?
Moan, moan, moan. I bet you were one of the numpties that voted Reform which gave Labour their massive majority.
They will bring in the huge numbers of so called refugees and not tell us. That’s how they do it. Last year around another 700,000 came to live here. The number will likely stay similar or increase. We won’t have any green belt left or a country that feels like it’s England, it will be receiving more cultural change beyond recognition like many places in England
51 million didnt vote for this shite
Wah wah wah
51 million people bought into the lies of the Tory party for 14 years, do you genuinely care about 51 million people’s opinions if they keep on voting for a terrible party which ruined the country?
you're including everyone under voting age in that number.
That's democracy?
If you voted for Reform then you did vote for this.
Reeves says ‘we will the homes’ but had already contradicted herself by saying Private Sector ‘will build the homes’. Does she and Rayner believe they control the Private sector?
With 50% of the school children going to university, where are all the bricklayers, plumbers, electricians and joiners coming from.
They will have to train them, which is a good thing!
Did anyone else listen to or see Rachel Reeves speech the other day?
I thought she oozed "Look at me, look at me, aren't I brilliant".
Her rant contained so many anomalies and contradictions when compared to the Labour Manifesto that she made Liz Truss seem rather intelligent!
One such anomaly is her direct threat to impose massive developments in areas despite reasonable local opposition, using the phrase...…."of national importance".
She kept saying "I WILL do this", "I WILL do that" or "I WILL NOT hesitate" etc. This is a sign, in my opinion, of a mad woman or at the very least, a woman with issues.
On a different topic, did anyone see the Monty Pythonesque performance by David Lammy the other day?
Mmmmmm I wonder, is there a pattern developing?
"We need to attract private investment... and be rid of vested interests". I know some say she's intelligent but she seems oblivious the the stark contradiction in what she's saying there. More and more private investment will only degrade democracy. Only the Greens would oppose this madness of "only growth will save us" and "only the private sector has wealth".
You'd have thought this was Sky News comments... what a mess.
I'm not what this person is talking about, it is confusing, is she there to tell us what they are planning to do or she is saying uhh well just talking because she likes the sound of her voice!!!
Whatever you do, do not increase taxes period!
Lego hair is good at reading out someone else's drivel from an autocue, but is incompetent at answering media questions.
I have another rhetorical question for you Chancellor.
How can the working people, as defined by your PM, be, as labelled by you, be feeling any better off?
If a working person, as described by your PM, doesn't have any savings, the feeling of being better off is always tomorrow and never today. You must surely understand that, do you not!
Puppets speaking for their masters..
Globalist Labour
Makes you wonder who they are building all these new houses for 😮
Yeah we have to wonder but under no circumstances say what we think. what a terrible state of affairs.
Many houses built but not for the likes of me and you
Probably the most capable member of Starmer's Cabinet.
They are just words - CONservative were very good at words too
That doesn't say much... Bar hella low
I am glad the Tories are out, having said that I am not necessarily a Labour supporter, only time will tell if they can clean up the mess left behind the Tories and the financial ruin they have left many families/working people in.
Politicians are obsessed with growth because it makes them look good. We need to come to terms with the fact that the planet has a finite amount of resources and growth is the enemy just as much as negative growth is.
You need growth to be able to use resources more efficiently. Only the richest countries can afford environmental concerns.
@@crown9413 You've just contradicted yourself! What's needed is investment, not growth.
I don’t rearrange the socks in my draw when I get new socks…..I build a whole new sock draw.
They'll grow the population through immigration and grow the size of the state.
I wonder how many of your commenters have actually bothered to read Labour’s manifesto, in particular the section on fiscal plan. Admittedly the manifesto is a bit devoid of detail but it does include where Labour plans to save £7.35bn and spend only £4.8bn. Worth a read before taking the meat cleaver to the new chancellor
"I wonder how many of your commenters have actually bothered to read Labour’s manifesto"
Willing to bet you could count them on the fingers of one hand.
Probably because there isn't a meanful one , if you actually listened to the pre election labour bulls$$t they said nothing
It seams the Westminster circus has new ring leaders still the same old clowns just different colour wallpaper
She's right about one thing - we badly need Reform!😅
I wonder what they will do that is not in the manifesto. It is that that will destroy the lives of ordinary people.
The Tories already did that.
@@tonyb9735 You ain't see nothing yet?
Nationally. Not Locally? Big Brother.
Do Private investors and builders have any commitment to Rayner/Reeves Building agenda?
This is what the country has chosen, change! Haha.
What is a working person Rachel???
Actions speak louder than words
Shawshank redemption plenty of pies for labour then
Chancellor emphasises on Working people, working people, working people and ordinary working people. Investments and Capital for her Agenda has to come from other than.
Like me can trust anything any politician says, regardless of the party
I want Tony Blair back! Oh, he's advising dear Kier already. 😂
Revisiting the NPPF will do nothing: it's planning conditions and local planning authorities that hold up planning applications and the 5 year period allowed from when planning consent is given and the start of construction before planning consent elapses.
I switched off as soon as communist marxist Channel 4 Views put her hand up.
I wonder Rachel, is there any time to waste?
Where's the money coming from! She'll be laughed out of commons and Starmer will be gone in 2 years
Better start doing overtime on top of your overtime
Closing the tax loopholes that the wealthy make full use of.
What are the plans for reducing the interest rate and lowering inflation ?
Forget excuses for the past and slogans for the future… success is based on actual measurable results in increased investment and growth. 3-4 levels of government in the UK is sapping productivity as invested money disappears into pockets of local authority leaders, CEOs, metro mayors, devolved government officials and multiple levels of out-sourced works and services of their pet projects.
She is shitting her pants! I would too.
America first, Party second, personal interest third, country fourth, British people last or never: That is the Conservative. How is the Labor's priority order?
Please get HS2 back for generations to come
Very well articulated. This lady seems capable to me
It’s all very well pushing for affordable housing however builders cant make a profit selling them due to the restricted price. Its not as simple as its made to be seen?
Angela rayner will write to mayors in every town and city why not email them what a joke contributions there all skint every town and city wonder why 😂😂😂😂
We ve had new houses built and new school to accommodate the extra ! But there were no teachers, so they closed one school and put them all in the new one. No new dr surgery’s have been built, but I would assume the same problem. No drs to fill it
What about the NHS and schools
everyone wants new social housing built but know one wants it in there back yard well cant have it both ways
Poor old Green Party more houses more sewage were a piece of island we don’t need houses change in border control tighten the system 😂😂😂😂
And they are supporting i2lamist too
Why not build steel frame houses much quicker
Introduce a wealth tax ya trout
So sick of these conservative who probably didn't vote. They had their turn. Time to change. Dont worry Reform will be in power in 4 years
Reform Ltd will never be in power. Look what just happened to the far right in France. Like Jeremy Corbyn, the appeal Reforms Ltd is deep for some, but narrow.
You should remember that Reform Ltd is a limited company wholly owned by multimillionaires. They are not acting in your interests, they are peddling populist right wing crap, promising simple solutions to complex problems. None of which stand up to any level of scrutiny. Farage did the same over brexit, and look at the mess that turned out to be. Are you actually incapable of learning?
Surely growth is sn easy choice. The problems in the UK are deeper than simply choosing it!?
34% share of The country vote , is hardly the country has spoke
Even the green belts gonna get ‘diversity’
That’s what they want - England to no longer be an English or British identity
@@EpicAelflaed and they won’t let you down, Betjemans green and pleasant land is gonna be no more….
@@santorini8423that’s what racist people like you want. Though we will fight it
I had jacket potatoes for tea
so more neoliberalism or? jfc
Actually answering questions good
Gdp per head would be 10% higher just by removing 5 million immigrants on welfare. Housing shortage removed. Wages increase. Crime drops...
She knows it but won't do anything.
Stinks.
😂😂😂 what a joke
Hear, hear
Since 2010 over 1.3 million immigrants do not work costing the British taxpayer over 24 billion so far
Starmer is a Fabian member , their coat of arms is a wolf in sheep’s clothing. That wolf is DAVOS dressed as labour. Good luck everyone
🎉
Exactly.
Starmer will be dragged out of Parliament within Eighteen Months at this rate & thank goodness. Revolution is in the air
@@23bit76 Do you even know what DAVOS is?
Were doomed
Ok Russia/China
Yes, we were. Glad to see the back of the Tory nutters.
We are for four years sadly - more of the same as conservative and likely a bit worse
Scripted dribble.
So being green is out now?
@@stephenball-qo7ug it’s always the so called greener parties that do more damage than good.
Global warming isn’t a fart in the wind
This gov is going to be a chit show say good bye to any savings you have
Cautiously optimistic. Let’s see, actions trump words…..
Oohh ahhh eehh mmmm
Whats a woman
?
Tell the people
She is relying on the private sector. Facts
Everything's fecked ..what else is there?
Yes mate, as do most western democracies.
Everything the nation owns was sold off. The rails, the post office, public transport etc etc
There's nothing left and we know exactly who to blame for that
@@23bit76WEALTH TAX
Having targets is all well and good but a lot more construction workers would be needed to build a lot more housing, so where are they coming from and who's going to have enough money to be buying all these homes. Private house sales are based on the demand. If demand is weak then you can green light the building but building has to work on sales based ordering, the same as many other items sold on the open market, it's demand that drives the building market place.
Housebuilders won't build a load of housing exceeding the rate of purchase such that their cashflow is tied up in houses that aren't selling
Of a 300 k house, 200k is the land, the 100k ie labour and materials.
More houses can be done but needs cheap land.
They will bring in some laws that allows compulsory purchase of land at a fair price, rather than relying on private sector to do the minimal amount of work for the maximum amount of profit.
We Coming For YOU nimbys
Despicable woman who ran away from her constituents.
Anyone remember the last Labour Government?
Yep bad
No because the last 14 years have been dominated by the last one.
Yeah, life was a lot better for most people
@@Motownisyourtown well it well get worse under Labour
@@acelilumelody4445 ya for them on benefits only
More pen pushers. More non jobs.
She can even be a better Prime Minister ❤ after Starmer🎉.