Personally I think he needs to be sensible and follow Brown’s lead by keeping the economy steady and stable in the first term whilst driving down inflation and reducing interest payments. Stability first then growth and spending if allowable in the second term.
Some of you might disagree 😉.
This is the best summary I could come up with:
Sir Keir Starmer is to warn that the UK will face “huge constraints” on public spending if his party win the next General Election.
In a speech to economists and think-tanks later on Monday, Sir Keir will say economic growth “will have to become Labour’s obsession if we are to turn around the economy”.
However, a Conservative spokesman said Labour’s policy “presents a major risk” to the British economy at a time when the cost of borrowing is “so high”.
Richard Holden, the Conservative party chairman, said: “The largest ‘constraint’ to growing the economy would be Labour’s £28bn a year borrowing plan - which independent economists warn would see inflation, interest rates and people’s taxes rise”.
He will also declare Labour would secure “a new deal to make work pay with increased mental health support, fully-funded plan to cut NHS waiting lists, an end to zero hour contracts, no more fire and rehire, and a real living wage”.
Most recent official figures show the economy failed to grow between July and September, after a succession of interest rate rises that have increased borrowing costs.
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