Campaign catch-up: Labour’s dash for growth
Political Fix
Financial Times
4.2 • 1.2K Ratings
🗓️ 18 June 2024
⏱️ 33 minutes
🧾️ Download transcript
Summary
Labour is promising voters not to raise a raft of taxes, not to borrow to fund day-to-day spending and not to return to austerity with major cuts to public services. How will it manage this? Shadow chancellor Rachel Reeves insists economic growth will square the circle. The FT’s Whitehall editor Lucy Fisher asks economics editor Sam Fleming, who interviewed Reeves this week, whether her plans to increase UK output stack up. Plus, Helen Miller from the Institute for Fiscal Studies think-tank joins with her assessment of the “conspiracy of silence” by both big parties over tax and spend after the election.
Follow Lucy on X: @LOS_Fisher, Sam @Sam1Fleming, Helen @TheIFS
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Presented by Lucy Fisher. Produced by Audrey Tinline with Leah Quinn. Manuela Saragosa is the executive producer. Original music and audio mix by Breen Turner. The FT’s head of audio is Cheryl Brumley.
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Transcript
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| 0:37.3 | Labas promise to boost growth add up? |
| 0:41.4 | Welcome to political fix from the FT with me Lucy Fisher. |
| 0:44.6 | This week Labor's Rachel Reeves has been laying out her plans to fund the party's priorities without she says resorting to tax rises. |
| 0:48.9 | The FT's economics editor Sam Fleming interviewed the Shadow Chancellor about her prospectus and he's with me here in the studio now. |
| 0:56.0 | Hi Sam. |
| 0:57.0 | Hello. |
| 0:58.0 | Also here today is Helen Miller, Deputy Director at the Institute for Fiscal Studies, |
| 1:02.0 | the Independent Economics Research Institute, |
| 1:04.0 | which is of course looking pretty closely |
| 1:06.0 | at the challenges facing the next government. |
| 1:08.0 | Hi Helen. |
| 1:09.0 | Hello. So I want to focus on Labor's economic plans in this episode. We're now less |
| 1:16.7 | than two and a half weeks out from Polling Day. Labor's 20-point odd lead looks |
| 1:21.6 | pretty stubborn so I think with increasing certainty and |
| 1:24.8 | that includes the Tory public messaging we're all looking at Kistama heading |
| 1:29.0 | into number 10 and Rachel Reeves heading into number 11. |
| 1:33.0 | To Sam, you sat down with Rachel Reeves a couple of days ago to talk to her about her plans. |
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