The Labour leader Keir Starmer has warned that if his party wins the next UK general election, he will not be able to “turn on the spending taps”. Speaking at a thinktank event focused on the stagnation of the UK economy, he said the country was “in a hole” after 13 years of Conservative rule.
So if Labour were to win the next election, what would would its economic vision look like? And is it prepared to deal with the stagnation that has turned off those metaphorical taps?
For although the shadow chancellor Rachel Reeves has previously talked about what she calls “securonomics” – a promise to build an economy from the bottom up to provide security for working people – what that means in practise is not entirely clear.
