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Labour Gambles on Growth Boost Outside London to Beat Farage

Rachel ReevesPhotographer: Chris Ratcliffe/Bloomberg

Takeaways by Bloomberg AI

Rachel Reeves will pump billions of pounds into areas outside London as the Labour government tries to head off an electoral threat posed by Nigel Farage’s Reform UK.

The Chancellor of the Exchequer announced major investments in defense, transport and energy away from the capital. She also unveiled plans to overhaul Britain’s “Green Book” spending guidelines that local leaders complain are biased toward prosperous parts of London and the south east.