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Planes and trains are great, but Reeves must fix financial infrastructure too

4 0
31.01.2025

EYNSHAM, ENGLAND – JANUARY 29: British Chancellor Rachel Reeves gestures during a speech on economic growth for Britain at Siemens Healthineers on January 29, 2025 in Eynsham, England. Chancellor Rachel Reeves is delivering a speech outlining the government’s plans to boost economic growth through a raft of new investment and regulatory measures. The speech comes following months of criticism over the Labor government’s handling of the economy. (Photo by Peter Cziborra – WPA Pool/Getty Images)

New rail projects and reservoirs are welcome, but if Rachel Reeves really wants Britain to be a better place to do business, she must modernise the City too, says Chris Elms

In her speech yesterday , the Chancellor Rachel Reeves spoke of her plans to better link the high-productivity areas of Oxford and Cambridge and plans for new rail projects and reservoirs.

Upgrading our built environment and physical infrastructure will be a vital part of supporting UK growth. But it is equally vital that the UK retains a laser focus on modernising our financial services infrastructure to deliver on the government’s industrial strategy.

This work, years in preparation, offers a shovel-ready opportunity for the government to keep the UK ahead as the best place to do business and invest.

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