Labor will not ‘throw money at’ UK problems, Keir Starmer tells CBI | Keir Starmer


Keir Starmer will make a pitch to convince UK business leaders by promising that a Labor government will not just “throw money at” the country’s problems.

Addressing the CBI’s annual conference in the Midlands, Starmer will put fiscal discipline at the heart of his party’s call for a sector which Labor says has been alienated by Boris Johnson’s government.

Starmer will tell companies that Labor “absolutely does not think that the solution to all problems is to throw money at it”, promising to lead “a stable government and a tight ship”.

He will underline Rachel Reeves’ tough approach to public finances, saying, “We will never spend money just for fun.

He will also announce the creation of a new skills advisory committee, including former education secretary David Blunkett, to ensure Labor has the right policies to prepare young people for work.

Labor has already attacked the government for wasting billions of pounds during the pandemic on ‘Covid buddy contracts’ as it tries to curb the idea that the Tories can trust taxpayer dollars.

Reeves, the fictitious chancellor, said a Labor government would set up a “value-for-money office”, which would review government spending decisions before taxpayer resources were committed.

However, Labor has already made significant spending commitments, including the fictitious Chancellor’s pledge of £ 28bn in green investments each year until the end of the decade, to ease the transition to net zero.

Some business groups have reacted angrily to aspects of government policy in recent months, including the Prime Minister appearing to blame the private sector for the shortage of heavy truck drivers that sparked a fuel crisis in early fall. .

Starmer will say that a Labor government would seek a better long-term deal for carriers with the EU, as he repeats the call he made in his party conference speech for the government to “make the government work. Brexit ”.

Consolidating this idea, he will say that the Labor Party would seek regulatory equivalence for financial services; advocate for Britain to maintain its data adequacy status, allowing digital companies to compete with their EU rivals; and negotiate mutual recognition of professional qualifications.

“I think all of this is achievable by vigorously defending our interests and negotiating patiently,” Starmer will tell his audience.

Starmer was careful to insist that the Brexit issue cannot be reopened since Labor was completely defeated in the 2019 general election, having himself helped persuade his party to adopt favorable policies. in the second referendum.

Labor is hoping to unite its party-backed voters by highlighting concerns over economic issues, including rising costs of living, rising inflation and national insurance premiums which are expected to rise in April.

Starmer’s emphasis on fiscal discipline is intended to contrast with the approach of his predecessor, Jeremy Corbyn. The Labor leader has promised his party that they “will never again participate in an election with a manifesto which is not a serious plan for the government”.

He also said he did not believe the Big Six energy companies should be made public, in a rejection of the sweeping nationalization of work slated for 2019.

Lord Blunkett will be joined on the Labor Skills Advisory Board by former senior civil servant Rachel Sandby-Thomas and businessman Praful Nargund, director of an IVF provider, Create.

Sign up for the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk

They will travel the country with Shadow Education Secretary Kate Green chatting with teachers, children and education experts.

Blunkett said: “Nothing can be more important than spreading what works, incorporating high quality and inspiring teaching and learning, and tailoring a curriculum that motivates young people at every step and reassures employers that ‘they will be able to read, count, creative and responsive employees for the future.

Labor has already announced that it will place guidance counselors in every school and strengthen the teaching of digital skills.

“Young people are ambitious, optimistic and enthusiastic about their future. Yet far too many are being left behind by a Conservative government that lives in the past, ”Starmer said.

The CBI conference will be held at multiple venues and will also include a speech by the Prime Minister, which is expected to highlight the prospects for green jobs in the economy.


Comments are closed.