Thread by @Miatsf

.@keir_starmer is right that the success of the economy should be judged on whether it puts money in people’s pockets, revitalises places that have been held back, ends insecure work, and drives up wages.

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https://twitter.com/guardian/status/1496615440205987846

But pursuing economic growth through the same tired old policies will not be enough. The lesson of the last decade is that growth alone is not enough to lift everyone. There are millions more struggling to make ends meet now than there were 10 years ago.

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A #NewEconomy needs to truly be new. We need a major shift in policy to get the economy working for the many and not just the few. 5 key strands:

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1️⃣ An ambitious plan to green the economy in a way that is just, with #greeninvestment that can create good jobs around the country, revive places, and lift living standards.

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2️⃣ A new social contract that guarantees everyone the basics they need for a decent quality of life: a #LivingIncome, decent affordable homes and universal basic services.

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3️⃣ Common & co-operative ownership of essential services and infrastructure we all rely on to give everyone a stake in the economy.

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4️⃣ A reset of the rules of the game to incentivise all business to put the long term public interest before short term profit, and to give a real voice and power to workers.

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5️⃣ Power pushed down to communities so that people can build an economy that works for them, and revive places from the bottom up.

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After a decade of economic failure, we urgently need a new economy. But we need an ambitious and brave agenda to take this head on.

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