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Rachel Reeves pledges a Labour government will ‘pick back up’ the economy – London Business News |



The Shadow Chancellor Rachel Reeves is to campaign with Scottish Labour leader Anas Sawar and said that a Labour government will “pick (economy) back up.”

On Tuesday Reeves will campaign with Sawar in Edinburgh and she will vow to “unleash Scotland’s economic firepower.”

Ahead of the visit, Reeves said, “Scotland’s financial services industry is one of the UK’s greatest assets, supporting thousands of jobs and billions of pounds investment to our shores.

“That is why I was proud to launch our review of financial services in Edinburgh last year and why I can announce that we will deliver on it.

“The SNP in Holyrood and the Conservatives in Westminster have let Scotland’s economy down, so it falls to Labour to help pick it back up and deliver the change we need.

“I will unleash Scotland’s economic firepower to deliver jobs and growth because when Scotland succeeds, we all succeed.

“That’s the change we offer, and it is the change we can deliver together if we are elected on July 4.”

Sarwar said, “Scotland is brimming with talent, but 14 years of Tory chaos has hollowed out our economy and left us all poorer.

“A strong economy is the foundation of Labour’s plans to deliver the change that Scotland needs, and these recommendations will help us deliver that.

“Labour will unlock the full potential of Scotland’s financial services industry in order to drive growth and create jobs.

“At this election, we can call time on Tory economic turmoil and decline by electing a Labour government relentlessly focused on delivering growth, jobs and prosperity.”

Scottish Tory finance spokeswoman Liz Smith said, “Labour’s plan to block all new oil and gas projects in the North Sea – which the SNP support – would wreak economic havoc across the North East and destroy tens of thousands of jobs.

“Labour’s pitch would have more credibility if they hadn’t voted for SNP tax rises which have made Scotland the highest taxed part of the UK and stunted growth.”

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