Labour promises to ‘rebuild Britain’ and be the party of business

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UK shadow chancellor Rachel Reeves wins the endorsement of former Bank of England governor Mark Carney at annual conference

has pledged to “rebuild Britain” and restore its economic credibility as the party’s big guns positioned it as the party of business and fiscal responsibility at its annual conference in Liverpool.

Reeves’s noon speech on Monday was noticeably light on specifics about Labour’s tax and spending plans, but heavy on rousing rhetoric that brought several thunderous ovations from delegates.What’s eating Britain? A look at the issues gripping its soul“You cannot trust the Tories with our economy ever again,” the shadow chancellor said, decrying the fiscal drama that Britain has endured in recent years.

Labour also plans to save £4 billion annually by halving government spending on consultants and clawing back Covid grants that were fraudulently claimed by some businesses in the pandemic. Reeves said she would appoint a “Covid corruption commissioner” to chase down “every penny”, with any cash retrieved diverted to health spending.

“I don’t think government can do your job better than you can,” he told the business leaders, embracing the political centre ground to which he has steadily tacked after winning the Labour leadership three years ago under the guise of a far more left-wing agenda.

 

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