In a landmark speech that set the tone for Labour's economic agenda, Shadow Chancellor Rachel Reeves declared war on Britain's "restrictive" planning system, promising the most significant planning reforms in a generation if Labour wins the next election.
A New Deal for Developers and First-Time Buyers
Addressing a packed conference hall in Liverpool, Reeves pledged to sweep away planning barriers that have "held back growth and hampered dreams" across England. The ambitious plan includes:
- Fast-tracking approval for major infrastructure projects on underused green belt land
- Building 1.5 million new homes over the next parliament
- Creating new towns and urban extensions reminiscent of post-war development
- Giving developers "certainty and speed" in the planning process
"The system isn't just slow—it's actively working against the interests of our country," Reeves told delegates, drawing applause with her commitment to "get Britain building again."
Economic Growth as Labour's 'National Mission'
Positioning herself as a fiscally responsible chancellor-in-waiting, Reeves emphasised that her approach would be "pro-business and pro-worker," rejecting what she called the Conservatives' "chaotic economic experiment."
"Our message to business is clear:" Reeves declared, "Labour is now the party of economic stability and sustainable growth."
The Shadow Chancellor framed economic growth as Labour's "national mission," arguing that without it, the country cannot hope to improve public services, raise living standards, or compete on the global stage.
Contrasting Visions: Stability vs Chaos
In what appeared to be a direct response to recent Conservative policy announcements, Reeves positioned Labour as the party of fiscal responsibility, promising "iron discipline" with public finances.
She drew sharp contrasts with the government's approach, particularly targeting the mini-budget that "crashed the economy and sent mortgage rates soaring."
"While the Conservatives play politics with our economic future," Reeves stated, "Labour will provide the stability and certainty that businesses and families desperately need."
The Road to General Election 2024
The speech comes as Labour maintains a strong lead in opinion polls, with many political commentators viewing the next general election as Labour's to lose. Reeves' performance was widely seen as a key test of her credibility as a potential chancellor.
With the conference setting the stage for what could be Labour's final annual gathering before facing voters, the party leadership appears determined to present a united, competent alternative to the current government.
As delegates left the conference hall, the message was clear: Labour believes the planning system isn't just about buildings—it's about building a better economic future for Britain.
