A Labour government is destined to fail unless it pledges to increase spending on public services
Keir Starmer’s Labour party may well win the next election. Its leadership have begun to put together a story of where Britain is going wrong, and what Labour could do instead. But without commitments on spending, the party will fail in government.
Across the world, the economic outlook is bad, with the IMF forecasting widespread recession over the next year. Food prices are continuing to rise. There are the early signs of debt crises in the global south. Climate breakdown and geopolitical tensions are adding to the instability. If last year was bad, this year is set to be worse.
James Meadway is director of the Progressive Economy Forum
