Regulation & Policy

Chancellor Rachel Reeves took to the stage today at the Labour Party Conference in Liverpool, forcefully reaffirming the Labour Government’s commitment to "get Britain building again." Her address struck a chord with those eager for change, setting a bold and ambitious tone for the nation’s future infrastructure plans.
Labour, a party Reeves framed as embodying "economic responsibility," wasted no time in pointing fingers at the economic chaos left in the wake of the Conservative Party’s leadership. She didn’t hold back, lambasting the Tories for their track record, while assuring the public that Labour intends to make good on the pledges they set out during their campaign just a few months ago in June.
This speech wasn’t just rhetoric—it laid the groundwork for what’s to come, as Labour readies itself to unveil its first Autumn Budget, scheduled for the 30th of October. And according to Reeves, this will be a Budget defined by “ambition,” packed with promises designed to reshape the country's fiscal landscape.
Among these commitments, Reeves guaranteed there will be no hikes to basic, higher, or additional income tax, ensuring stability for taxpayers. She also introduced a cap on corporation tax, a signal to businesses that Labour is looking for economic growth, not stifling corporate expansion. And in a long-overdue move, the chancellor declared war on the non-dom tax loopholes, marking an end to the loopholes that have long been a source of frustration for many.
But that’s not where the promises ended. Reeves turned her focus to the deeply unpopular planning system—a system, she argued, that consistently stands in the way of progress, frustrating “builders who are shackled by a system that hands power to the blockers.” With an air of determination, she vowed to "rip out the blockages" that hinder development, clearing the path for construction projects to flourish.
Her vision for the future is unmistakable: the Labour Government is set on increasing the pace of building, not just incrementally, but in a way that transforms the entire nation. Reeves reiterated Labour's ambitious pledge to construct over 1.5 million homes within this Parliamentary term, setting the stage for a housing boom that could reshape the UK's urban and rural landscapes alike.
This ambitious housing goal is part of Labour’s larger strategy to address not only the housing crisis but also the tangled web of challenges spun by the cost-of-living crisis. As the nation faces an ongoing shortage of affordable homes, Labour’s plan is to strike at the very core of the issue, simplifying planning processes and creating the infrastructure the country so desperately needs.