Keir Starmer promises 'national renewal' with focus on growth
Keir Starmer, leader of the Labour Party
In preparation for the upcoming general election, likely to fall later this year, Starmer attacked Prime Minister Rishi Sunak, arguing that the next election offers the «potential for national renewal».
Despite acknowledging he wanted «more people to have more money in their pocket», Starmer said his government will first aim to create growth to enable the funding of public services.
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«These are not just words,» Starmer said, listing his pledges, which include aiming to achieve «the highest sustained growth in the G7 with higher living standards».
«Written through this new plan, I also promise a total overhaul of how we approach the economy and government,» he continued.
Starmer added that Labour could further reduce what it had planned to borrow for its «green prosperity plan», which had initially meant to include £28bn a year of borrowing to fund green projects.
However, since interest rates have risen, Starmer has argued he could be constrained by Labour's pledge to bring debt as a share of national income down after five years.
«It would be subject to our fiscal rules. That means that if the money is from borrowing, which it will be borrowing to invest, but the fiscal rules do not allow it, then we will borrow less,» he said.
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Ahead of the upcoming election, the government has struggled to recover from its sharp polling dip after Liz Truss' premiership, which Starmer referenced when he described the «so-called party of business, which now hates business, the party that crashed the economy and made you pay».
James Alexander, chief executive of
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