Shadow chancellor to deliver prestigious Mais lecture and will announce plans to rewire the Treasury
Good morning. Rachel Reeves, the shadow chancellor, is delivering the Mais lecture today, an annual City of London event where someone from the world of finance is invited to give an hour-long, heavyweight address on economics. (It’s called the Mais lecture, not the Mais speech, for a reason.) It’s a very presitigious gig, and the organisers like to invite someone powerful and important. It seems they didn’t want to hear from Jeremy Hunt.
We won’t get the full text of Reeve’s lecture until later, but Labour has released some substantial extracts in advance and there are two elements of particular note.
We have found ourselves in a moment of political turbulence and recurrent crises with the burden falling on the shoulders of working people.
With at its root, a failure to deliver the supply side reform needed to equip Britain to compete in a fast changing world ….
And unlike the 1980s, growth in the years to come must be broad-based, inclusive, and resilient.
Growth achieved through stability – built on the strength of our institutions. Investment – through partnership between active government and enterprising business. And reform – of our planning system, our public services, our labour market, and our democracy.
