After 14 years in opposition and five months in power, left-wing Prime Minister Keir Starmer appears to have run out of ideas and has written to Britain's main regulator to offer direct advice that could boost Britain's stagnant economy. He appealed for action.
Mr Starmer, along with the Prime Minister and the Business Secretary, will liaise with watchdogs such as energy regulator Ofgem and water regulator Ofwat before Christmas to give career bureaucrats a dynamic proposal to boost economic opportunity through “pro-growth initiatives”. They requested submissions by mid-January.
The private sector is not included in Starmer's campaign for ideas to reboot Britain's fortunes.
The plea comes in the wake of figures released earlier this week showing the UK economy flattened from July to September, as reported by Breitbart News.
The letter is also believed to have been sent to the Environment Agency, the Financial Conduct Authority (FCA) and the healthcare regulator on Christmas Eve. reported From Sky News.
BBC report Shadow enterprise secretary Andrew Griffiths said the letter “tells you everything you need to know” about the Labor government, adding that he needed to “implore his government to create growth beyond Labour's disastrous budget”. He claimed that there was.
Conservative MP Griffiths said that if the Prime Minister wanted the UK to have the highest growth rate in the G7, it would be better to turn back the clock to before the general election, when the UK was growing under the Conservatives. You'll be lucky.''
Mr Starmer warned MPs earlier this month that it would take time for people to see improvements in living standards, with voters already showing they had turned their backs on him.
He spoke in the wake of October's Budget, which promised tens of billions of pounds in tax rises, sparking a fierce backlash from the private sector, with a range of department heads saying the Budget would accelerate inflation and lead to further He warned that it would only lead to job losses. Business closure, SKY News article.
Chancellor Rachel Reeves also said this week that the challenge was “huge, rebuilding an economy that has been neglected for 15 years”, while Shadow Chancellor Mel Stride said the figures showed “economic growth is under the radar of Labor's watchdog”. “This shows that there is,” he said.
