Labour’s economic strategy is about creating a fairer, more prosperous society for the many, not just the few. Labour in government will measure its economic success not by the number of billionaires, but by the ability of all people to live richer lives.
Labour understands that the creation of wealth is a collective endeavour between workers, entrepreneurs, investors and government. Each contributes and each must share fairly in the rewards. The main manifesto theme at the 2017 election was about rebalancing the economy. This means putting less emphasis on the financial sector and real effort into improving the productive economy through public ownership, environmental protection and fair social spending. The creation of a national investment bank and regional development banks are crucial to this.
Labour is committed to a wide ranging programme of public ownership. Water, railways, energy and Royal Mail are to be brought back into the public sphere. This means that essential services will be run in the interest of the public good rather than private gain. In some cases, depending on the nature of the public service, this will require a new form of nationalisation where planning and performance are organised centrally and democratically. In others, locally planned public ownership initiatives will involve workers in conjunction with consumers organised on co-operative principles. This will entail ordinary people creating and running the services they need. Although a Labour government is essential to putting the economy onto a better footing, we don’t have to sit back and wait until the next election before we start to act.
Campaigning now for a fairer, more successful economy is essential. Working people deserve stronger trades unions to safeguard and extend employment rights and consumers need better protection from rogue traders and advertisers. People, as workers and as consumers, should be able to share in and benefit from an economy that encourages socially useful and cooperatively planned projects.
Latest on Work, Economy and Environment campaigns
Would you like to come to a training day that showcases some real-life community wealth building projects happening in the North East? Join the North of Tyne Mayor, Jamie Driscoll and guest speakers who have CWB specialist areas of expertise. Building on the success of our People, Pits and Politics Festival held in Durham in … Read More
Rosie Watson is running from her home in the Lake District, UK, across Europe, towards Asia (and perhaps beyond). She is meeting people from projects along the way who are creating a new, more sustainable, way of living, and are dedicated to tackling the climate crisis and it’s related issues. They are taking initiative, taking … Read More
150 people filled St Mary’s Church Hall, Hexham on the evening of Thursday 1 August for a public meeting to discuss climate change. The meeting was organised by the Hexham Branch of the Labour Party, following the publication of a proposed policy document, Labour’s Green New Deal, by national party members. The theme of the … Read More
Climate Change: Local Solutions to Global Issues Information, ideas, discussion, action. Speakers Jamie Driscoll, North of Tyne Mayor Paul Brennan, Chair of the North East of England Nature Partnership Penny Grennan, Labour Prospective Parliamentary Candidate for Hexham Local Groups and local voices. PUBLIC MEETING Thursday 1st August at 7pm St Mary’s Church Hall, Hencotes, Hexham.
Greening labour! The importance of the environment to our lives cannot be overstated. As Labour’s 2017 manifesto puts it, the environment ‘is the bedrock of our economy, our security and our wellbeing…not something separate from ourselves; it is the food we eat and the place we live.’ So damage caused to the environment by climate … Read More
Labour’s environmental policies involve taking action on: energy – 60% of the UK’s energy will come from low-carbon or renewable sources within twelve years of coming to power. Labour will support the development of tidal lagoons and remove the barriers to onshore wind, upgrade and invest in flexible energy networks and ban fracking. homes – … Read More
With no money forthcoming from central government, the north east town of Hartlepoool wants its own alternative to austerity. Read the New Statesman’s outline of a new potential economic plan for Hartlepool – https://www.newstatesman.com/politics/economy/2019/01/coastal-corbynomics-how-hartlepool-chasing-preston-s-new-economic-model
People can benefit by becoming involved in setting up and running the services their communities need. Broadband for the Allen Valleys One such example of an alternative business model currently operating in the Hexham constituency is the Broadband for the Allen Valleys project known as B4AV. It aims to provide fast but inexpensive broadband for … Read More
Labour’s intention when in government has been clearly stated by the shadow chancellor John McDonnell. He has spoken extensively of the benefits of public ownership encouraging participation in the ownership and management of services by the public as workers and consumers. Labour is giving serious thought to the problems of work, the economy and environment. Local thinking … Read More