{"id":184389,"date":"2023-12-04T18:19:09","date_gmt":"2023-12-04T18:19:09","guid":{"rendered":"https:\/\/precoinnews.com\/?p=184389"},"modified":"2023-12-04T18:19:09","modified_gmt":"2023-12-04T18:19:09","slug":"sir-keir-starmer-declares-wealth-creation-is-labours-top-priority","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/sir-keir-starmer-declares-wealth-creation-is-labours-top-priority\/","title":{"rendered":"Sir Keir Starmer declares ‘wealth creation’ is Labour’s top priority"},"content":{"rendered":"

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Sir Keir Starmer reignited left-wing fury over his praise for Margaret Thatcher as he vowed \u201cwealth creation\u201d was now Labour’s top priority.<\/p>\n

Setting out his party’s economic pitch for the next election, the opposition leader warned that anyone expecting him to open the spending taps was going to be \u201cdisappointed\u201d.<\/p>\n

He said Labour plans for \u201csecuronomics\u201d would mean stable economic growth with a foundation on boosting productivity.<\/p>\n

Describing the latter as an \u201cobsession\u201d, he said: \u201cThat’s a big change for us. Having wealth creation as your number one priority, that’s not always been the Labour Party’s comfort zone – trust me!<\/p>\n

\u201cBut that’s the change I knew was necessary, that’s the change I’ve delivered, and my party is united behind it.\u201d<\/p>\n

Don’t miss… <\/strong> ‘He just wants to rejoin!’ Keir Starmer promises even closer ties to the EU<\/strong><\/p>\n

Sir Keir\u2019s remarks, in a speech at the Resolution Foundation Conference, came after a furious spat with the Labour left raged over the leader heaping praise on the Iron Lady.<\/p>\n

He used an article at the weekend to praise the former Conservative Prime Minister for dragging Britain \u201cout of its stupor\u201d by unleashing \u201centrepreneurialism\u201d.<\/p>\n

Growing the economy is expected to be an election battleground for both major parties.<\/p>\n

The cost of living in the UK has put the economy at the centre of political debate as inflation and high interest rates put pressure on household budgets.<\/p>\n

The Resolution Foundation released a report on Monday which claimed the average household in the UK is more than \u00a38,000 worse off than those in countries such as France and Germany.<\/p>\n

Prime Minister Rishi Sunak has already made economic growth one of his key pledges and, speaking at the conference launching the Resolution Foundation’s report, Chancellor Jeremy Hunt said his tax cuts were designed to boost the UK economy as he defended his Autumn Statement.<\/p>\n

Mr Hunt told the conference that his decision to make tax cuts for business investment aimed to improve the UK’s productivity.<\/p>\n

“The only way in the long run that you can raise living standards is by raising productivity,” he said.<\/p>\n

In his speech, Sir Keir argued that decisions taken by the government and previous Conservative administrations over the past 13 years “will constrain what a future Labour government can do”.<\/p>\n

“We are in a hole, no doubt about it,” he said.<\/p>\n

“Taxes are higher than at any time since the war, none of which was true in 2010. Never before has a British government asked its people to pay so much, for so little,” the Labour leader said.<\/p>\n