Rachel Reeves has been accused of being “out of ideas” as she is set to outline plans for strengthening ties with the EU.
As part of the annual Mais lecture in the City of London, the Chancellor will set out her “three big choices” for the decade to come: deepening ties with the EU, expanding AI and other technology, and “growth in every part of Britain”.
The Chancellor is expected to say: “In this changing world, Britain is not powerless. We can shape our own future. Our method is stability, investment and reform, through an active and strategic state.
“Today, I am making three big choices on the greatest growth opportunities for Britain in the decade to come: growth in every part of Britain, AI and innovation, and a deeper relationship with the EU.
“Our plan is clear. To build for growth, to champion innovation, and to make Britain the place where the industries of the future are created.”
However, she was met with criticism from Reform UK’s Treasury Spokesman Robert Jenrick, who told The Express: “The idea that Labour’s EU reset is going to bring back jobs and leave people with more money in their pocket is for the birds.
“Rachel Reeves is out of ideas and has been reduced to trying to dig up failed policies from the past. She should start fixing the mess she made, beginning by scrapping her ridiculous plan to raise fuel duty.”
Shadow Chancellor Sir Mel Stride added: “It’s no secret that Reeves and Starmer have wanted to row back on Brexit since day one and we can expect to hear more detail on Labour’s plan to drag us closer to the EU at the Chancellor’s speech today.
“Labour are desperate to blame anyone but themselves for their economic failures.
“Under increasing pressure, having mismanaged the economy, Reeves would rather point the finger at Brexit than accept their poor choices have been a disaster for our economy.”
