The new government has made boosting economic growth its central goal. Chancellor Rachel Reeves wasted no time in announcing changes to the planning system designed to encourage more housebuilding and infrastructure investment.
And she has met business leaders to unlock more private capital, including through their contribution to a national wealth fund.
But government also has a vital role in boosting growth through its own investment. UK public investment is already well below the G7 average, and is set to fall, even with Labour’s planned green investment. This has contributed to the country’s dismal record on productivity growth since the financial crisis.
