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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Caution, not grand plans, is needed if Labour is to build wealth in Britain

Keir Starmer and Rachel Reeves
Keir Starmer and shadow chancellor Rachel Reeves plan to be circumspect about how quickly Labour ramps up investments. Photograph: Maja Smiejkowska/Reuters

Everyone wants the Labour leadership to be more honest with the electorate about how it will pay for policies designed to drive growth, tackle the climate crisis and improve living standards.

Without a jolt to the economy from tens of billions of pounds of extra spending, they argue, growth will remain sloth-like, only inching ahead, and the Labour project will be doomed.

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