🔴 ‘To achieve good growth in every postcode, look to centre left governments overseas’
👉️ Following the memorable words of Andy Burnham's speech, @SteveRaceMP ✍️ for LabourList on how to deliver by taking tips from other centre left governments...
https://t.co/DUUXOqhanD
"To achieve good growth in every postcode, we need to look beyond our own borders."
In his @LabourList article, @steveracemp draws on our latest analysis to show how targeted investment, empowered local leadership and long-term reform can help deliver growth in every postcode.⬇️
Thanks to @BCCShevaun for moderating our breakout session "The Growth Britain Is Ready For" for the @britishchambers#GAC26 last week.
The panel drew on @2030ProspAllUK research to talk about the choices and trade offs needed need to unlock a new decade of British prosperity.
Andy Burnham faces significant challenges when he enters No 10. Perhaps the most important is the need to generate growth. Economic resets are indeed possible. In this piece of work, the @2030ProspAllUK considers the lessons from 3 successful examples. https://t.co/4pkUkMN6S0
🇳🇿 Don Brash's story highlights New Zealand’s economic reform post-1984 crisis. Facing bankruptcy from inflation and debt, the reset focused on establishing enduring institutions.
Read the full case study here: https://t.co/wPZL78rTtr
Had fun doing rest is money. Covered need for growth, inter generational inequality, triple lock, minimum wages,
tax rises, housing and more.
https://t.co/8PMnzEBR1e
🧵1/ 🇳🇿 𝙉𝙚𝙬 𝙕𝙚𝙖𝙡𝙖𝙣𝙙’𝙨 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙧𝙚𝙨𝙚𝙩 𝙬𝙖𝙨𝙣’𝙩 𝙚𝙖𝙨𝙮 — 𝙗𝙪𝙩 𝙞𝙩 𝙚𝙣𝙙𝙪𝙧𝙚𝙙.
By 1984, New Zealand was on the edge of bankruptcy.
Public debt had more than quintupled in a decade. Inflation had been in double digits for years.
4/What can the UK learn?
🇳🇿 Reform was framed around fairness: lower rates and visible compensation for those most exposed
🏦 Foster Central bank independence to help lock in price stability
📜 Embed reforms in institutions that will outlast the politicians who designed them
Extremely proud of this piece of work for the @2030ProspAllUK that looks at how other countries have successfully turned round failing economies and tries to draw some lessons for the UK today. Find the report here: https://t.co/4pkUkMN6S0
Taxes at a 70-year high. Real earnings 25% below trend. Debt rising faster than any G7 peer.
@PJTheEconomist on why weak growth doesn't just make households poorer, it makes the whole state harder to fund.
Our new report sets out where we are. Link below.
Taxes at a 70-year high. Real earnings 25% below trend. Debt rising faster than any G7 peer.
@PJTheEconomist on why weak growth doesn't just make households poorer, it makes the whole state harder to fund.
Our new report sets out where we are. Link below.
📍📈 Today, Paul Johnson from the @2030ProspAllUK publishes 'Britain's Prosperity Gap - establishing the baseline'.
The report found that the average British person loses £15,000 per year as a result of years of weak growth.
This can change!
With the right reforms, Britain can deliver higher living standards, greater opportunity, and renewed prosperity in the 2030s.
Read the report 👉 https://t.co/NVBbbr82MC
"I’ve lost count of the number of conversations I’ve had, on the left and right, where everyone has nodded about the problem of the triple lock, then proceeded to argue for it publicly" - @racheljanetwolf
https://t.co/xXsr34Ssa1
The decline in prospects and situation over the last 20 years has been catastrophic. @PJTheEconomist does a brilliant job setting the scene below, alongside his report. Next week we'll publish more on how other countries have gotten out of economic messes, and what we can learn.