Rebuilding the UK Economy: Focus on Domestic Savers Over Global Financiers
Rachel Reeves, the UK Chancellor, should shift focus from global financiers to UK savers to build a stronger economy. The article argues that Labour needs to prioritize a green and socially oriented bond market to provide secure returns for savers, rather than increasing deregulation of the City. This approach would invest savings in infrastructure projects, addressing climate change and social cohesion while improving productivity. Critics highlight that Labour’s first year has not resolved issues like child poverty and wealth inequality, with billionaires’ wealth increasing by £35m daily. The piece calls for bold policies to transform Britain into an investment economy through digital opportunities and skills development.