Buoyant, durable, sustainable and inclusive growth is essential for a country... Only growth can deliver the resources needed to enhance living standards, improve public services, support sustainable energy initiatives, limit the scale of generalised tax increases, and combat inequality of wealth, income and opportunity.
It is all about increasing the safe speed limit for economic growth. The Bank of England estimates the UK economy's potential growth may be as low as 1%... At that speed, much that ails the country is likely to get worse, rather than better, over time.
Achieving high-quality growth requires a comprehensive policy approach that builds on many intermediate objectives. The Labour party has gone further in specifying such structural reforms.
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