“What progress she has made on strengthening the economy since July 2024.”
Asked by
John Grady
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Chancellor of the Exchequer (Rachel Reeves)
Since I became Chancellor, our economy has grown by 2.3%—the fastest growth among European G7 economies in that period. Over that time, we have progressed our strategy for stronger and more secure growth through fiscal stability by bringing in an additional £120 billion in public investment, by crowding in private investment through the National Wealth Fund and the British Business Bank, because I changed our fiscal rules; and by removing structural barriers to growth, including through big reforms to our planning and pensions systems and through progress on reducing regulatory burdens, particularly on smaller businesses.