The Chancellor will make a speech in Oxfordshire on Wednesday setting out her plan to boost growth after a bruising first few months in office which saw the corporate world rebel against her tax-hiking Budget.
One of the announcements will be a £55m investment in a car charging company from the new National Wealth Fund, The i Paper understands.
A lack of easily available charging points is seen as a key barrier to the adoption of electric cars, ahead of the 2030 deadline for banning the sale of new petrol and diesel vehicles.
The Chancellor’s speech is intended to set a more positive tone after the business backlash to the Budget, wrap up all the pro-growth announcements made in recent weeks, and set out the Government’s next steps.
Speaking to business leaders ahead of the speech, Sir Keir Starmer promised that in future all Government decisions will have to be examined for whether or not they boost economic growth.
CEOs who attended the meeting in the City of London said they were pleased to see senior ministers take a more bullish approach to the economy.
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Read MoreDebbie Crosbie, the head of Nationwide, added “The Government’s focus on economic growth is vital to improve living standards, support public services, and increase UK competitiveness. “The drive to remove the regulatory barriers that limit growth are very welcome, particularly when they increase access to the housing market.”
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