Labour's promise to families: Cheaper energy bills for those near infrastructure projects

Labour is proposing a new initiative to offer families cheaper energy bills if they live near big infrastructure projects. This is part of the party's plan to rebuild the economy and stimulate growth in the country. Shadow Chancellor Rachel Reeves stated that communities hosting such projects will experience benefits, including lower energy bills.

Fast-tracking high-tech schemes

In addition to the energy bill initiative, Reeves wants to expedite the planning process for high-tech schemes like battery factories and 5G projects. This move aims to attract more investment, restore economic security, and revive growth in the country.

Fifty business leaders show support

Fifty business leaders, including representatives from Greene King, Travis Perkins, and the British Chamber of Commerce, will meet with Rachel Reeves for a post-speech reception. Their presence demonstrates support for Labour's economic plans.

Building trust with the economy

In her keynote address, Reeves will highlight that the country cannot rely solely on taxing and spending to achieve prosperity. She wants the public to trust her with the economy, which she believes can be achieved through ambitious action and support for builders rather than blockers.

Raising stamp duty charge

As part of her proposal, Reeves aims to increase the stamp duty charge on non-UK residents to finance the hiring of 300 planning officers. This move is intended to streamline the planning process and ensure the efficient execution of infrastructure projects.