On Monday MP, Leader of the Labour
Party, will deliver a speech in Liverpool at the start of a
two-day visit to the city. Joined by , Labour's Shadow
Chancellor, he will set out Labour’s plans for growing the UK
economy.
He will say that the priorities for the next Labour government
are “growth, growth, and growth” as he uses a keynote speech in
Liverpool to set out the party’s plans to reboot the economy.
The Labour leader will argue that there is “no task more central
to my ambitions for Britain than making the country and its
people better off. This is why I am clear Labour will fight the
next election on economic growth.”
As part of Labour’s plan to reboot growth, will announce that his
government will establish an Industrial Strategy Council -- on a
statutory footing.
He will say that the council will be “a permanent part of the
landscape that sets out strategic national priorities that go
beyond the political cycle. Holds us to account for our
decisions. And builds confidence for investors that will boost
long-term growth and productivity.”
Reviewing the last decade of economic performance, will say: “Whether it’s the
cost-of-living or recovering from the pandemic our economy is
weaker than its competitors. Less resilient. Brittle. And
ultimately, we are all poorer for it.”
The Labour leader will say that “rebooting our economy” will be
the “defining task” the next Labour Government:
“To give Britain the fresh start it needs, we need a new
approach. The goal of which is straightforward. To maximise the
contribution we all make to national prosperity.
“In a nutshell: we draw our economic strength from too few
places.”
That’s why the Labour leader will set out the type growth Labour
wants which is “strong, secure, and fair.”
“Strong, because it will build a foundation where every business
and every person plays a role.
“Secure, because it will produce good jobs that don’t leave
people feeling insecure.
“Fair, because it will unlock the potential of every place –
every community, every town and every city.”
will argue that this vital
fairness point “strikes at the structural weakness of our
economy.”
“An economy can grow and leave some if its people behind. But a
nation based on contribution cannot grow in that way.”
Describing this new approach, will say: “The approach to
growth I have set out today will challenge my party’s instincts.
“It pushes us to care as much about growth and productivity, as
we have done about redistribution and investment in the past. Not
to hark back to our old ideas in the face of new challenges.”
The Labour leader will argue that “low growth economies can’t
rise to meet the challenges of the future” and he will
specifically take on those who argue the challenge of climate
change means we should not be pushing for growth.
He will say: “We will not be distracted by the siren calls - from
the right or the left - that say economic growth and net-zero do
not go together.”
Drawing a contrast with the Tory leadership candidates, will say: “With me and with
Rachel Reeves you will always get sound finances; careful
spending; strong, secure, and fair growth.
“There will be no magic money tree economics with us.”
Referring to Monday’s TV debate, he will say: “you will see a
clear contrast between my Labour Party and the Thatcherite
cosplay on display tonight. The difference between a Labour party
ready to take Britain forward. And a Tory party that wants to
take us back into the past.
“Between Labour growth and Tory stagnation. That will be the
choice at the next election and we are ready.
“Ready to renew the contract with working people. Ready to reboot
our economy and end the cost-of living crisis. Ready to unlock
the contribution of every business, every person and every
community.
“And deliver the strong, secure and fair growth our country
needs.”
