The shadow chancellor says the Labour party would "end the chaos and uncertainty of 13 years of Conservative government" if it won the next election. Ahead of her speech at the Labour party conference, Rachel Reeves said Labour would work alongside businesses to unlock investment and grow the economy. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00 I'm going to set out today in my conference speech how Labour will make working people
00:05 better off by making Britain better off. And we will do that by ending the uncertainty
00:11 and chaos that we've had with 13 years of Conservative government and instead working
00:17 alongside business to unlock investment in the jobs and the industries of the future
00:23 by updating our antiquated planning system so that we can get the shovels in the ground,
00:28 the cranes in the sky to secure for Britain the investment we need to grow our economy.
00:34 We know that we need homes for families right across our country and to do that you've got
00:39 to reform the planning system, make it easier and faster. But this is also about nationally
00:45 critical infrastructure, things like 5G broadband, science labs for our life sciences industry,
00:53 clean energy so that we are less reliant on Putin in the Middle East for our basic energy
00:58 needs. We need that investment in Britain and businesses tell me today that it is easier
01:03 not to invest, it's easier to invest in America or Asia or in other European countries than
01:08 here in Britain. I don't want to hear that anymore. I want those jobs, I want that investment
01:14 here in Britain and that is what the plans I'm going to set out today are all about.
01:18 Well first of all I want a brownfield first approach. There is in Liverpool where we are
01:24 here today, in my own city of Leeds, plenty of development opportunities and we want to
01:30 get those going. But I'm also going to set out today how we want to see communities that
01:35 host infrastructure get a benefit. So for example if you host energy infrastructure
01:40 in your community you can get money off your bills. That happens in some of the best examples
01:45 around the world. I want that to happen here in Britain. So there's something in return
01:50 for allowing that investment to ensure that we can get down people's bills, that people
01:55 that host infrastructure, those communities will see a direct benefit under the plans
02:00 I will set out today. I'm under no illusions about the scale of the task that I will inherit
02:05 if I become Chancellor of the Exchequer next year. It will take firm discipline, tough
02:10 decisions and iron discipline. But I am ready for that. I know what happens when you play
02:16 fast and loose with the public finances. It's what happened when Liz Trust put forward an
02:20 unfunded and uncosted budget last year. So Labour's fiscal rules, our fiscal rules are
02:27 non-negotiable but it's why growth is so important. Because with growth we can improve the living
02:33 standards for working people and we can have the money to invest in our public services.
02:38 We'll turn around the chaos and instability, put economic security first and improve the
02:44 lives for working people across our country.