Rachel Reeves will give a lecture on Tuesday (Image: Getty)
Rachel Reeves “would rather point the finger at Brexit” than settle for blame for her “poor” financial selections, critics have warned.
The Chancellor will on Tuesday unveil her plans for “deeper” ties with the EU to spice up financial development.
She will use a finance lecture to determine a reset of UK-EU relations as one of many three “biggest opportunities for economic growth” within the UK, alongside AI and regional boosts.
Shadow Chancellor Sir Mel Stride stated: “It’s no secret that Reeves and Starmer have wanted to row back on Brexit since day one – and we can expect to hear more detail on Labour’s plan to drag us closer to the EU at the Chancellor’s speech on Tuesday.
“Labour are determined guilty anybody however themselves for his or her financial failures.
“Under increasing pressure having mismanaged the economy, Reeves would rather point the finger at Brexit than accept their poor choices have been a disaster for our economy.”
Ms Reeves is expected to use her Mais economic lecture to pitch her vision for closer ties with the EU.
It comes weeks after she argued that this would be the “biggest prize” economically.
Mel Stride says it is no secret that Labour want to row back on Brexit (Image: Getty)
Read more: Rachel Reeves accused of ‘shackling’ UK to EU in Brexit betrayal
But Reform’s Shadow Chancellor Robert Jenrick MP, stated: “The idea that Labour’s EU reset is going to bring back jobs and leave people with more money in their pocket is for the birds.
“Rachel Reeves is out of ideas and has been reduced to trying to dig up failed policies from the past. She should start fixing the mess she made, beginning by scrapping her ridiculous plan to raise fuel duty.”
Ms Reeves will use her speech to the City to say the UK will see the fastest adoption of AI in the G7 group of countries, with a record £2.5 billion boost to secure the UK as a world leader in AI and quantum.
She will add: “In this changing world, Britain is not powerless. We can shape our own future. Our method is stability, investment and reform – through an active and strategic state.
“Today, I am making three big choices on the greatest growth opportunities for Britain in the decade to come: growth in every part of Britain, AI and innovation, and a deeper relationship with the EU.
“Our plan is clear. To build for growth, to champion innovation, and to make Britain the place where the industries of the future are created.”
The speech comes a day after Nick Thomas-Symonds, the Cabinet Office minister in charge of negotiating the government’s reset with the EU, arrived in Brussels for a meeting of members from the British and European parliaments.
Robert Jenrick says Rachel Reeves is out of ideas (Image: Getty)
Britain is said to be in a standoff with Brussels over a demand to cut university tuition fees for European students.
EU officials say European students should pay “home” fees of about £9,500 a year in England and Wales as part of the negotiations over a youth mobility scheme, rather than the higher international rate, which can rise above £60,000.
But British negotiators said they have been blindsided by the demand, which they say was not mentioned in the framework agreement signed last year and would cost British universities an estimated £140million a year.
Sir Keir has made cosying up to the EU a key mission of his government despite 17.4 million people voting to exit the Bloc.
The Daily Express’s Give Us a Proper Brexit crusade has called for leaving the European Convention on Human Rights (ECHR), slashing red tape for businesses and enforcing a 12-mile exclusion zone around the UK for British vessels only.
Reform UK leader Nigel Farage, former Prime Minister Boris Johnson and Conservative leader Kemi Badenoch have backed the campaign ahead of the 10th anniversary of the referendum.
The Prime Minister suggested last month that he wanted to “go further” in moving Britain closer to the EU single market as he cranked up his plot to reverse Brexit.
This is despite a manifesto promise not to rejoin the EU single market or customs union.
It comes ahead of the next UK-EU summit, which is expected to take place in May.
Meanwhile Ms Reeves is scrambling to salvage the UK’s flatlining economy, which unexpectedly failed to grow in January.
Figures released this week showed the zero growth for the month was weaker than had been predicted, and followed growth of 0.1% in December.
This came before the outbreak of the US-Israeli war with Iran, which has caused a major energy shock that could have a ripple effect around the world.
The longer the war lasts, the more likely it is that there will be an effect on the UK economy, Prime Minister Sir Keir Starmer warned on Monday.
He informed how the longer the battle rages on, the more serious the impression on the price of residing could be.
https://www.express.co.uk/news/politics/2182912/brexit-rachel-reeves-european-union