UK finance minister Jeremy Hunt will formally set out plans to reform the UK financial sector at a meeting with officials in Edinburgh. File Picture: REUTERS/HENRY NICHOLLS
He repeated his ambition to create a “new Silicon Valley” with a shift to new, high-value industries such as renewable power and advanced manufacturing. It was time for a “fundamental programme of reform” for Britain’s labour market, Hunt said, as workers who dropped out of the workforce during the Covid-19 pandemic needed to come back into employment.
Rachel Reeves, the Labour Party’s finance spokesperson, said there had been 13 years of economic failure from the Conservative Party. “The Tories have no plan for now, and no plan for the future,” she said in a statement.
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