Rachel Reeves promises to strengthen the base of the UK's economic structure through a development strategy

Rachel Reeves pledges to "strengthen" the economic foundations in Britain's first speech as Chancellor. She vows to enhance growth by facilitating infrastructure development and attracting private investment. In her inaugural address to business leaders, she emphasizes that achieving robust economic expansion for every region of the nation is a collective national task, and she commits to making tough decisions to fulfill her new government's objectives.

Rachel Reeves unveils immediate plans in an announcement on Sunday night aimed at bolstering growth by easing constraints on infrastructure projects and private investment initiatives during a speech with business leaders, following the Labour Party's election victory. The Chancellor assures that her government will make prompt progress to "strengthen" Britain's economy, stating:

"Last Sunday, British citizens cast their votes in favor of change – this day marks my first step towards fulfilling those mandates. Our manifesto clearly stipulates the necessity for sustained economic growth as a means to enhance our nation's prosperity and improve living standards across all sectors."

Reeves promises her audience, which includes representatives from key industries such as financial services and renewable energy: "The task at hand is now clear. It is time to fortify the economic foundations of our country for a brighter future."

She emphasizes that the government will proceed with borrowing within its established fiscal parameters, ensuring public debt reduction over time in relation to GDP by the fifth year according to official projections. The Cabinet has plans to unveil new measures and appointments on Monday, while MPs are set to take their oath of office starting Tuesday.

On Sunday, Home Secretary Yvette Cooper reveals plans for a recruitment campaign targeting a high-ranking position in border security. The new role will be filled by a candidate from either law enforcement or military backgrounds with experience managing such units. In addressing immigration concerns, the government has dismissed the idea of implementing digital ID cards as part of their strategy, which had been previously proposed by former Prime Minister Tony Blair to track and control immigrants' entry into the country accurately.

Health Secretary Jonathan Reynolds confirms that he will engage in dialogue with junior doctors to end ongoing strikes during his initial meeting with British Medical Association (BMA) representatives on Tuesday. He plans a visit to a general practitioner's office alongside NHS Chief Amanda Pritchard to discuss the future of dental services and address related concerns. Education Secretary Bridget Phillipson, acknowledging that the National Health Service is facing significant challenges, expresses her commitment to working with education professionals through upcoming meetings as she leads efforts to improve teacher recruitment in partnership with industry leaders.

In summary, Rachel Reeves's inaugural speech and subsequent announcements emphasize a clear focus on economic growth and revamping key sectors while reaffirming her government's commitment to address the nation's challenges head-on through collaboration and decisive action.