Starmer and Labour can lead, but other parties, and the wider political class, have to follow.In. The catch is, of course, that it requires a new political consensus. Starmer’s faith in the necessity of a strong and stable institutional framework, with a government committed to maintaining it, goes beyond neoliberalism – indeed, arguably, it looks more like a version of “ordoliberalism”, the philosophy that underpinned Germany’s successful postwar social market economy. So this goes rather further than the Blair-Brown approach of macroeconomic stability combined with fiscal redistribution and better funded public services. And it means not just “fixing” our Brexit deal but – as Starmer also said – resetting our economic relationship with the EU for the long term. It means making tax reforms that don’t just focus on pulling Budget rabbits out of hats but on simplicity, predictability and transparency. It means establishing a durable economic framework for fiscal devolution, so that cities and localities do not just have control over spending but assurance that they can plan for the future on that basis. Making a reality of that means more than just setting and respecting fiscal rules. Science and Technical Research and Development.Infrastructure Management - Transport, Utilities.Information Services, Statistics, Records, Archives.Information and Communications Technology.HR, Training and Organisational Development.Health - Medical and Nursing Management. Facility / Grounds Management and Maintenance.Events and Offers Sign up to receive information regarding NS events, subscription offers & product updates. Ideas and Letters A newsletter showcasing the finest writing from the ideas section, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Weekly Highlights A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. The Culture Edit Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. Green Times The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. World Review The New Statesman’s global affairs newsletter, every Monday and Friday. The Crash A weekly newsletter helping you fit together the pieces of the global economic slowdown. Select and enter your email address Morning Call Quick and essential guide to domestic and global politics from the New Statesman's politics team. Some have caricatured this as either reheated “Blairite neoliberalism” or the formalisation of an existing consensus with the current (as opposed to the previous) Conservative administration. As ever, the test will be whether policies can not just be announced but implemented.īut more broadly, he also committed to an approach to economic management that is based on stability, predictability and a reliance on the UK’s established economic institutions and rules. Few politicians – including, for example, George Osborne and Vince Cable – would dispute that these are important. Here Starmer offered some specific areas of focus, but very little in the way of detail: childcare, planning reform, a wide industrial strategy, a more strategic approach to public procurement. The question is whether Labour’s policies will deliver. But both somewhat miss the point: obviously economic growth should be central to Labour’s agenda, and if Labour can indeed achieve consistently faster growth few will care whether or not we outperform Canada on some cyclically adjusted measure. It’s easy to mock Keir Starmer’s pledge to give the UK the highest sustained growth of any G7 country, both for being too specific – and setting him up for failure – and too general (who doesn’t want higher growth, particularly given the UK’s recent mediocre performance?).
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