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Evening Standard
Evening Standard
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Jack Kessler

OPINION - Will Starmer's interventionist King's Speech actually boost economic growth?

As President of the Board of Trade in the 1990s, Michael Heseltine famously declared his intention to intervene "before breakfast, lunch, tea and dinner" to support British business. And this is not a bad description of today's King's Speech, the first under a Labour government for 14 years (technically, the first since 1950).

From energy policy (establishing Great British Energy, a publicly owned clean power company) to trains (renationalisation) and planning reform (build, build, build), this is a government seeking to pull all the levers available to it in pursuit of economic growth. Well, all except one.

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