Economy
One of Rachel Reeves's first steps as chancellor was to accuse the previous government of leaving behind a £22bn shortfall in this year's public accounts.
Every year, government spending diverges slightly from what was budgeted. But this was an unusually large amount, driven by the higher than expected costs of housing asylum seekers and public sector pay deals.
Reeves's solution was to put an immediate brake on various projects, including the road tunnel under Stonehenge and the A27 Arundel bypass. Boris Johnson's promise to build 40 new hospitals has also been placed under review, with the prime minister, Keir Starmer, accusing his predecessor of making the promise without allocating the money.
Energy
On 8 July, the first Monday after winning the election, the energy secretary, Ed Miliband, announced he was removing the previous government's de facto ban on onshore wind. A day later, Reeves unveiled the national wealth fund, a £7.3bn scheme designed to invest in green infrastructure such as clean steel and carbon capture.
This story is from the October 12, 2024 edition of The Guardian.
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This story is from the October 12, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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