Angepain posted:

https://twitter.com/LiamThorpECHO/status/1551504160872435715

wtf is a distinctively british economy

Angepain posted:

https://twitter.com/LiamThorpECHO/status/1551504160872435715

wtf is a distinctively british economy

Angepain posted:

https://twitter.com/LiamThorpECHO/status/1551504160872435715

wtf is a distinctively british economy

quote:

My second principle is that we must grow our contribution in a distinctively British way. This means two things. First, that we need resilient supply chains in sectors which are vital for British security and growth. That’s why we have a strategy to buy, make and sell more in Britain, why £3bn of our climate investment pledge will help forge a new future for our steel industry, and why we have committed to new public procurement rules that will build up Britain’s sovereign capabilities in key industries.

And let me be clear: it isn’t protectionist to say this. Or somehow old fashioned. Britain will always be an outward facing, confident, trading nation. But all around the world, businesses are looking again at the resilience of their supply chains. Reacting to the crises we have faced and will face in the future. Countries must do the same.

Second, a British approach means we cannot transplant the economic model of another country onto ours. I met Olaf Scholz, Chancellor of Germany and leader of our sister party, the SPD, the other day. He is showing that when levelling-up is based on practical plans, not far-fetched promises, amazing things can happen. In eastern Germany right now, some of the poorest parts of the country are leading the continent in the lucrative race to develop batteries that store renewable energy. This is what can be done.

And, as Lisa Nandy has spelt out, just because the Tory commitment to levelling up is dead, doesn’t mean the idea of levelling up is dead – Labour will take it on. But to do this in a way that isn’t pure boosterism, we must be honest about British strengths.

Take manufacturing. Britain has an extraordinary genius when it comes to manufacturing. We lead the world in pharmaceuticals, bio-science, aerospace. The Nissan factory in Sunderland is one of the most productive in Europe. And the Covid-19 vaccine developed by AstraZeneca and Oxford University has saved millions of lives around the world. When I was at Airbus in Filton, I saw them working with 3D engineering – literally shaping components by bringing together particles and matter in a way unimaginable in the factory my dad used to work in.

We can and should take advantage of these strengths. The road to higher growth and productivity runs right through them. But we are not Germany. The role manufacturing plays in our economy will always be different. And we have superpower strengths – in universities, in creative industries, in exporting services – that other countries can’t compete with. The challenge in both services and manufacturing is the same.

The best of British is the best in the world. And the way we stay competitive is to get more of it: more innovation, more new technology, more research and development, more unlocking the commercial power of our universities, more specialising in the knowledge-rich industries of the future, and more start-ups, which is why we have asked Lord Jim O’Neil to look at how we can make Britain the best country in the world to start a new business. And why we have a plan to Make Brexit Work that doesn’t ignore the strength of our services or our universities.

But an economy that grows our contribution, must rest on strong foundations. Foundations that are there in every community. That is why the work Rachel has been doing on the everyday economy is so important. Retail, education, health and care – we saw in the pandemic how much of the wealth we create depends on these sectors being strong. For too long industrial strategy has simply ignored them. And with that, ignored one of Britain’s distinctive challenges on growth.

Labour’s industrial strategy will contain a plan for the everyday economy. And our new deal for working people will introduce new employment rights to give greater security for people working in it.

quote:

That brings me to my third principle: partnership. For growth that is strong, secure and fair – we must work together. We need real partnership between state and market. Business and worker. The everyday economy and the technological frontier – and it is the job of a modern industrial strategy to make sure this partnership grows our collective contribution.

Not in a nostalgic way where government directs the activities of businesses. Modern industrial strategy isn’t about growing the size of the state – it’s about what the state does. How it supports businesses to innovate and grow. Brings in the creative brilliance of our universities. And applies them to the national missions we must all contribute towards. Whether that’s leading the world in artificial intelligence or applying our genius to the challenge of net zero.

Just down the road, at the Materials Innovation Factory, the University of Liverpool and Unilever are partnering to bridge the gap between scientific research and production. Developing the new materials we need to tackle climate change or discover life-saving new medicines. We need to do so much more of this mission-driven partnership. But the government doesn’t have a plan. And we have a massive job on our hands when it comes to private investment.

For decades, we have trailed our competitors. In France, businesses invest around 30% more relative to GDP every year. If we could just close this gap, we would land a serious blow in our battle against low growth. We know it requires public investment – that is why we have our climate investment pledge. We know it requires fair taxation – that is why we will scrap business rates and replace them with a system that levels the playing field.

quote:

A lack of support for manufacturing is sucking the dynamism out of our economy, pay from the pockets of our workers and any hope of secure well-paid jobs from a generation of our young people.

That is why Labour is committed to turning things around.

It must be our job in government to reprogramme our economy so that it stops working for the few and begins working for the many.

That is why we will build things here again that for too long have been built abroad because we have failed to invest.

Doing this will allow us to have greater control over the economy, giving us the chance to boost people’s pay and to limit the power of the unearned wealth of the super-rich in our society.

Because Labour is committed to supporting our manufacturing industries and the skills of workers in this country we want to make sure the government uses more of its own money to buy here in Britain.

The state spends over £200 billion per year in the private sector.

That spending power alone gives us levers to stimulate industry, to encourage business to act in people’s interests by encouraging genuine enterprise, fairness, cutting edge investment, high-quality service and doing right by communities.

But to ensure prosperity here we must be supporting our industries, making sure that where possible the government is backing our industries and not merely overseeing their decline.

Take the example of the three new Fleet Solid Support Ships for the Royal Fleet Auxillary.

Why is the Government sending a £1 billion contract and all the skilled jobs, tax revenues and work in the supply chain to build those three ships overseas when we have the shipyards to build them here?

There are workers in Liverpool, Belfast, Rosyth and Plymouth who are keen to do that work but when I visited some of those shipyards I learned something else too – there are not enough workers being trained here in the UK to meet the potential demand.

On Brexit, Theresa May is very fond of saying “we will take back control of our laws, our money and our borders”. At the moment her first priority should be taking back control of her Cabinet.

But if she’s so serious about taking back control why has her Government offshored the production of our new British passports to France? Workers in Gateshead were making them and that work has been taken away from that community.

Unsurprisingly the French aren’t queuing up to have their French passports made in Britain.

We have plenty of capacity to build train carriages in the UK and yet repeatedly over recent years these contracts have been farmed out abroad, costing our economy crucial investment, jobs for workers and tax revenues.

Carrying on like this is simply not sustainable.

If we want to reprogramme our economy so that it works for everybody, we must use powers we have to back good jobs and industry here.

Between 2014 and 2017 Network Rail awarded contracts worth tens of millions of pounds to companies outside of the UK while the NHS awarded contracts worth over a billion.

In the same period the Ministry of Defence awarded contracts elsewhere worth over £1.5 billion pounds even though we are under no obligation under either European or international law to open up defence contracts to overseas bidders.

Labour is determined to see public contracts provide public benefit using our money to nurture and grow our industries and to expand our tax base.

The next Labour government will bring contracts back in-house, ending the racket of outsourcing that has turned our public services into a cash cow for the few.

And we will use the huge weight of the government’s purchasing power to support our workers and industries.

This will be done using a three-pronged approach:

Changing how we buy things with new procurement rules so that government supports jobs and industry.

Investing in infrastructure to support companies here in Britain to keep goods flowing efficiently and costs low.

And increasing investment in education, skills and lifelong learning through the National Education Service that we will create – and I want to pay tribute to the work done by Angela Rayner in this regard.[..

Nobody knows for sure when the next election will be or where we will be with Brexit when it comes, but one thing is certain the next Labour government is committed to creating high quality jobs in every region and nation of the UK, to develop new industries and support good domestic businesses – large and small.

We should also look at extending the rights of local authorities in parts of the country worst hit by forty years of industrial decline to be exempt from some World Trade Organisation rules, as some US states are, and therefore be able to require provision for local suppliers and jobs in public contracts.

This would help the regeneration of areas long forgotten by those in Whitehall or Westminster who claim to know what’s best.

The next Labour government will not just sit back and manage the ongoing decline of swathes of our economy. We can and must make a difference.

That’s why we will use the state to actively intervene in the economy, to create as much wealth as possible and, crucially, to ensure that wealth is shared fairly between everybody in our society.

Private Speech posted:

It seems like he's trying to fit the justification to the slogan rather than the other way around.

a pipe smoking dog posted:

It's very funny that Keir Starmer has announced that he won't be nationalising transport on the same morning that Andy Burnham confirmed he was able to take all the buses in Manchester back under public control.

Comrade Fakename posted:

Oh, and has everyone forgotten that it turned out that NotJustANumber99 in fact never owned a Tesla and the whole thing was just a rather tedious troll that went on for ages?

Private Speech posted:

It seems like he's trying to fit the justification to the slogan rather than the other way around.

Comrade Fakename posted:

Oh, and has everyone forgotten that it turned out that NotJustANumber99 in fact never owned a Tesla and the whole thing was just a rather tedious troll that went on for ages?

Failed Imagineer posted:

How do you prove someone doesn't own a car via their posting tho? I remember pointing out when he was talking about putting petrol in his car, but honestly who knows. The possibility of it really all being made up is so sad that it's hard to contemplate

Comrade Fakename posted:

I think the fact that he posted about putting petrol in his car, and then people asked "don't you have a Tesla", and then he went quiet, is enough proof for me.

Hong XiuQuan posted:

The worst thing about these kinds of feelings is people who had them - that is that Corbyn was so racist their lives would have been (indeed have been!) dramatically effected had he won - have absolutely nothing to say for how black/brown/Muslim Britons feel after the country keeps returning a racist party that has explicitly told us it wants to revoke fundamental rights (among myriad other things). While I'm sure the feelings are real the risk was miniscule. The risk so much graver for someone called Abdullah who might have a parent with an Indian passport.

ronya posted:

Comrade Fakename posted:

I think the fact that he posted about putting petrol in his car, and then people asked "don't you have a Tesla", and then he went quiet, is enough proof for me.

Umbra Dubium posted:

his house building thread, and he does have multiple vehicles.

Failed Imagineer posted:

putting petrol in a Tesla is like putting petrol in a diesel motor - only jealous losers tell you not to do it cause they don't want you to have a good time

Guavanaut posted:

It's only a real carbatteria if it's made with lead and acid.

Guavanaut posted:

It's only a real carbatteria if it's made with lead and acid.

el dingo posted:

99 isn't real it's been the tesla posting the whole time

fuctifino posted:

loving hell. lol....

keep punching joe posted:

Putting petrol in a Tesla just helps it burn faster.

Failed Imagineer posted:

The UK would definitively prefer a fucken idiot who believes in some evil poo poo, than a clever-clogs who believes in absolutely nothing.