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The New Statesman

The New Statesman

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“There is still timefor a coherent growth strategy to emerge – but early signs are discouraging"

The New Statesman
Summary
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69% Informative

Labour had no recipe book and few raw ingredients for growth were in place.

With growth being the government’s primary mission, the absence of a growth plan has taken many of us by surprise.

This black hole, rather than the fiscal one left by the Tories , has mattered most.

Labour productivity growth the very foundation for growth in the GDP has been on the wane in the UK since the mid 1960s .

It’s been hovering around zero for most of the last decade .

To all intents and purposes, we are already living in a post-growth world.

We dismantle our net-zero ambitions. We renege on our legal commitment to overseas aid. We hand over the provision of basic services to equity financiers who suppress wages, offshore profits, pollute our environment and undermine quality. We actively welcome investments from industries that systematically damage us. And in the process we wrack up enormous hidden costs. Costs to the climate, costs to our health.

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