Britain's New Finance Minister Unveils Ambitious Plans to Revitalize UK Economy and Tackle Housing Crisis

  • 2 months ago
Rachel Reeves was appointed as Britain's chancellor of the exchequer, equivalent to a finance minister, on Friday after the Labour Party won the UK general election. In her first major speech as chancellor, Reeves outlined measures to boost economic growth and address housing shortages, including restoring mandatory housing targets and ending the ban on new onshore wind farms in England. Reeves instructed Treasury officials to assess the state of public finances inherited from the previous Conservative government.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Rachel Reeves was appointed as Britain's Chancellor of the Exchequer, equivalent to
00:06a finance minister on Friday after the Labour Party won the UK general election.
00:12In her first major speech as Chancellor, Reeves outlined measures to boost economic growth
00:17and address housing shortages, including restoring mandatory housing targets and ending the ban
00:22on new onshore wind farms in England.
00:25Reeves instructed Treasury officials to assess the state of public finances inherited from
00:30the previous Conservative government.

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