HM Treasury

To grow our economy, we need to invest in industries that create jobs for people across the UK. Today the Prime Minister, the Chancellor and the Energy Secretary visited the North West and met with workers to announce major funding for two carbon capture sites in Teesside and Merseyside. The £21.7bn investment will bring billions of private investment into these communities and create 4,000 jobs. And it powers the UK to Net Zero. Carbon Capture, Utilisation and Storage technology will help to remove CO2 emissions before they reach the atmosphere, and store them safely beneath the seabed. Creating a greener future and growing our economy.

Chess is a sport that teaches strategic thinking, problem solving, creative thinking and a host of other skills. To grow the economy and unlock opportunities for the next generation, the government is launching Skills England, bringing together government, businesses, training providers and unions to meet the skills needs of the next decade and support local areas to develop the skilled workforces they need. Chancellor Rt Hon Rachel Reeves played young UK chess champions last month to speak to them about the news, and to play a game or two herself. Find out more about Skills England by clicking the link below. https://lnkd.in/eqmiDcBS

"Having role models that are in positions of power, really indicates you can be anything you want to be". From the first female Chancellor of the UK to high profile women leaders in business, the message is clear. There should be no ceilings on the ambitions of women and girls. Hear more from people who attended a special event with the Chancellor to celebrate women in our economy.

The government is reforming planning rules to deliver new infrastructure projects and boost investment in our country. Chancellor Rt Hon Rachel Reeves met the CEO Hamid Moghadam and President Dan Letter of Prologis yesterday, a global logistics company that has invested over £7bn in the UK across a number of leading sectors, including industrial logistics, life sciences and data centres.    She spoke to them about the government's commitment to economic growth, and why the UK is a great place to invest, home to 4 of the world's top 10 universities for life sciences, 1 in 3 biotech start-ups in Europe over the last decade, and a thriving Research and Development sector.

Only through working together can we tackle the global challenges we face. That's why the government is resetting its relationship and strengthening cooperation with our European partners. Today Chancellor Rt Hon Rachel Reeves and Economic Secretary Tulip Siddiq met financial services Commissioner Mairead McGuinness to discuss the importance of a strong and collaborative relationship on financial services and driving productive investment to support economic growth in both the UK and the European Union.

What could a career in economics look like in government? We invited finalists from the Young Economist of the Year competition to 11 Downing Street today to meet Chief Economic Advisor and Head of the Government Economic Service Sam Beckett. They talked about about the economy, current affairs & careers in government.

Women supporting women 🤝 The Chancellor Rt Hon Rachel Reeves welcomed prominent women from businesses across our growth sectors to Number 11 yesterday, to discuss important issues including her ambition to end the gender pay gap for good, and how vital it is for female-led businesses to work together to grow the economy.

The UK is a leading global financial hub, home to a financial services sector that employs over a million people & contributes almost 10% of the country's total economic output.   Today Chancellor Rt Hon Rachel Reeves met key international bank leaders to talk about the government's plans to boost growth and support the sector's continued success.

The UK's creative sector is a global force on the world stage, with music & performing arts contributing billions, helping to grow our economy. We were delighted to welcome the one and only Andrew Lloyd Webber to 11 Downing Street last week where he performed Starlight Express 🚂.

Our world class music & performing arts sector employs almost 250,000 people, bringing billions to the economy. Chancellor Rt Hon Rachel Reeves & renowned composer Andrew Lloyd Webber talked last week about the success of the industry & government support such as tax relief for theatres & funding grants.