The economic challenge facing Labour is enormous. But it is also straightforward: Britain has experienced a prolonged period of weak growth, public services have been starved of cash and are struggling, and the state of the country’s infrastructure is a disgrace.
The government is holding a global investment summit in London on Monday, yet for all the hype this is unlikely to prove a gamechanger. Business investment in the UK is the lowest in the G7 and has been for 24 of the past 30 years. Conclusion: the government needs to invest – and invest big – to mend, grow and future-proof the economy.
