Keir Starmer’s CBI speech “hardly a recipe for growth”
22 November 2022
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In the Media
Christopher Snowdon writes in The Telegraph
22 November 2022
Housing and Planning
Economic Theory
Responding to Opposition Leader Keir Starmer’s speech at the CBI, Matthew Lesh, Head of Public Policy at free market think tank the Institute of Economic Affairs, said:
“It is welcome to hear a Labour leader talking about dynamism, aspiration and reward, and respecting private enterprise and profit. He is also right to highlight the tragedy of Britain’s low-growth economy and downplay the importance of redistribution.
“Yet Starmer’s supposed ‘new business model’ is nothing more than the orthodox view that the state can solve every problem. He proposed a toxic mix of central planning, picking losers, and failed industrial strategies. Starmer also wants to put more money into an unreformed and failing NHS and subsidise, rather than reform childcare, and increase labour regulation. He said nothing about cutting the red tape that is strangling businesses or reforming Britain’s broken planning system. It’s hardly a recipe for growth.”
ENDS
Notes to editors
Contact: [email protected] / 07763 365520
IEA spokespeople are available for comment and interview
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The IEA is a registered educational charity and independent of all political parties.
“It is welcome to hear a Labour leader talking about dynamism, aspiration and reward, and respecting private enterprise and profit. He is also right to highlight the tragedy of Britain’s low-growth economy and downplay the importance of redistribution.
“Yet Starmer’s supposed ‘new business model’ is nothing more than the orthodox view that the state can solve every problem. He proposed a toxic mix of central planning, picking losers, and failed industrial strategies. Starmer also wants to put more money into an unreformed and failing NHS and subsidise, rather than reform childcare, and increase labour regulation. He said nothing about cutting the red tape that is strangling businesses or reforming Britain’s broken planning system. It’s hardly a recipe for growth.”
ENDS
Notes to editors
Contact: [email protected] / 07763 365520
IEA spokespeople are available for comment and interview
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The IEA is a registered educational charity and independent of all political parties.
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