The PM thinks his interventionist approach to the economy is a winning formula. Without a coherent opposition, he could be right
There’s nothing original about saying Britain needs a new economic model. Nor that poverty wages should be a thing of the past. Or even that business needs to stop relying on cheap imported labour and invest more in skills training instead.
The idea that Britain needs root-and-branch reform to make it a high-productivity economy has been around for decades. It is voiced every time there’s a scandal involving gang masters or the squalid conditions in which migrant workers have been forced to live.
Larry Elliott is a Guardian columnist
