The British Labor Party now has a “completely different” view of business and economics than the time of Jeremy Corbyn, Chancellor Rachel Reeves has announced.
In an interview with the Financial Times, Reeves promised that the government led by Sir Keir Starmer would be a “businessman” proudly and committed to raising money. “The right thing to do is to rely on people’s money,” he said.
Reeves, an economist who briefly presented Treasury last May, acknowledges that Labor has a big fight ahead to rebuild voters’ confidence after the party was severely disrupted. 2019 election. But he believes it is Boris Johnson political turmoil and the rising cost of living led many to question how Labor could be in the office – and the party had to deal with it.
“It doesn’t seem silly that Labor could be in government anytime soon,” he said. But he agreed that the party should reassure the public that it has resigned from Corbynite where it has recently remained.
The key to the Reeves constituencies for voters, which will be announced Thursday, is that the Conservatives have become a “large, small tax party” and have a plan in place to address the issue.
A former Bank of England economist who works at the Japanese desk, Reeves, said Britain had faced Japan’s “ten-year loss” – and said the Labor government could change that.
He said his party would base its financial policy on financial legislation which – as Chancellor Rishi Sunak had done – would eliminate day-to-day borrowing and put debt on a downward spiral.
But Reeves’ plan could jeopardize investment opportunities, especially at $ 28bn a year. “a security deposit”. He said spending money could surpass Sunak’s “unchangeable risk” of 3 percent of GDP a year.
John McDonnell, Chancellor’s assistant under Corbyn, also offered to pay for the operation and said he could do whatever the party wanted, but Reeves said: “Not many people compare me to John McDonnell.”
He laughed at talking about what the party did under Corbyn, including spending £ 58bn on retirement pensions and the provision of a free band for everyone.
Reeves criticized the shadow secretary general Pat McFadden, the former business minister and former Blair former minister, for ensuring that the party does not run in the election with unwavering commitment.
“One day someone told me how much he loved Pat,” she says. “I asked him if he had ever tried to take away his money.”
Reeves said Labor has forged partnerships with businesses to increase growth, including construction, more education and more research costs.
“Labor is a party that encourages workers but we are also business lovers, and proud,” he said. But he made it clear that rich people would pay more if he became a leader.
He has developed plans to close taxes that support business ventures and private schools. He also said Sunak should pay more in taxes and duties, rather than raising international insurance to fund the NHS and social security.
Reeves also made it clear that Labor could not change Brexit. Asked if he could see Britain re-enter the EU or a single market in the next 50 years, he replied: “No, I do not see what is happening.”
He said he had “made Brexit work” by developing an EU-UK trade agreement signed by Johnson, and approved by Labor, in an effort to increase access to a single market for professionals, cultural companies and the City.
But he does not want to see a return to normalcy, arguing that voters in Leeds, who are MPs, are “angry” that new jobs in the city are being announced directly in Eastern Europe.
“I do not want to go back to the free movement – it was the main reason people voted to leave and I do not want to go back to that model,” he said.
Meanwhile, Reeves said the decline in Labor membership, which has reduced the party’s cost, and the price it must pay for eliminating unscrupulous supporters and removing “anti-Semitism” from the party.
“Membership in my area is declining and that is a good thing,” he said. People left “who should not join the Labor party. They did not agree with our policies,” he added.
About 80 party jobs were cut and salaries low, but Reeves said Labor should be ready to fight for the next election. He said the party’s wealth was “another legacy from the old leadership”.
“We were wasting a lot of money on lawsuits [including on anti-Semitism cases] than to campaign when Keir became leader. “Reeves said the party now needs to focus on the upcoming war.
“When Keir appointed me to the post last May, he said people should see me as the prime minister and trust you with their money,” he said.
Source link
